Enviri (NYSE:NVRI) Stock Rating Upgraded by Wall Street Zen

Wall Street Zen upgraded shares of Enviri (NYSE:NVRI - Free Report) from a sell rating to a hold rating in a research note issued to investors on Saturday morning.

Enviri Trading Down 1.1%

Shares of NYSE:NVRI traded down $0.09 during trading on Friday, reaching $8.42. 514,558 shares of the stock were exchanged, compared to its average volume of 735,076. The company has a debt-to-equity ratio of 3.21, a quick ratio of 0.94 and a current ratio of 1.28. Enviri has a 12-month low of $4.72 and a 12-month high of $12.79. The firm has a market cap of $675.37 million, a price-to-earnings ratio of -5.47 and a beta of 1.81. The firm's 50-day moving average price is $7.28 and its 200 day moving average price is $7.52.

Enviri (NYSE:NVRI - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported ($0.18) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.21) by $0.03. Enviri had a negative return on equity of 3.43% and a negative net margin of 5.39%. The business had revenue of $548.28 million during the quarter, compared to analysts' expectations of $560.00 million. During the same quarter in the previous year, the business earned ($0.03) EPS. The company's revenue for the quarter was down 8.7% on a year-over-year basis. On average, sell-side analysts anticipate that Enviri will post -0.13 earnings per share for the current fiscal year.

Institutional Trading of Enviri

A number of institutional investors have recently modified their holdings of the company. Graham Capital Management L.P. grew its holdings in shares of Enviri by 8.7% during the 4th quarter. Graham Capital Management L.P. now owns 18,069 shares of the company's stock worth $139,000 after purchasing an additional 1,443 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Enviri by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,099 shares of the company's stock worth $347,000 after acquiring an additional 1,572 shares during the period. Point72 Asia Singapore Pte. Ltd. boosted its holdings in Enviri by 17.1% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,187 shares of the company's stock worth $86,000 after acquiring an additional 1,631 shares during the period. CANADA LIFE ASSURANCE Co boosted its holdings in Enviri by 2.3% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 78,757 shares of the company's stock worth $606,000 after acquiring an additional 1,751 shares during the period. Finally, Corton Capital Inc. boosted its holdings in Enviri by 50.9% in the 4th quarter. Corton Capital Inc. now owns 16,001 shares of the company's stock worth $123,000 after acquiring an additional 5,400 shares during the period. Hedge funds and other institutional investors own 93.43% of the company's stock.

About Enviri

Enviri Corporation provides environmental solutions for industrial and specialty waste streams in the United States and internationally. The company operates through two segments: Harsco Environmental and Clean Earth. The Harsco Environmental segment offers on-site services under long-term contracts for material logistics, product quality improvement, and resource recovery for iron, steel, and metals manufacturing; manufactures and sells industrial abrasives, roofing granules, aluminum dross, and scrap processing systems; and meltshop and furnace services, such as under-vessel cleaning, removal of ladle slag, and general melt shop debris.