Perimeter Solutions (NYSE:PRM) Shares Down 3.5%

Perimeter Solutions, SA (NYSE:PRM - Get Free Report) was down 3.5% during mid-day trading on Monday . The stock traded as low as $7.49 and last traded at $7.52. Approximately 232,870 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 820,876 shares. The stock had previously closed at $7.79.

Wall Street Analysts Forecast Growth

Separately, UBS Group lifted their target price on shares of Perimeter Solutions from $6.50 to $7.00 and gave the company a "neutral" rating in a research report on Tuesday, March 26th.

Perimeter Solutions Stock Performance

The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.91 and a current ratio of 4.56. The firm's 50-day moving average price is $6.07 and its two-hundred day moving average price is $4.74. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 18.75 and a beta of 1.99.

Perimeter Solutions (NYSE:PRM - Get Free Report) last announced its quarterly earnings results on Thursday, February 22nd. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.02. Perimeter Solutions had a net margin of 20.95% and a return on equity of 1.78%. The firm had revenue of $59.46 million during the quarter, compared to the consensus estimate of $45.00 million. Sell-side analysts predict that Perimeter Solutions, SA will post 0.27 earnings per share for the current year.

Hedge Funds Weigh In On Perimeter Solutions

Institutional investors have recently modified their holdings of the stock. Quarry LP acquired a new position in Perimeter Solutions during the first quarter valued at approximately $34,000. Quadrant Capital Group LLC grew its holdings in Perimeter Solutions by 136.5% during the fourth quarter. Quadrant Capital Group LLC now owns 5,540 shares of the company's stock valued at $25,000 after purchasing an additional 3,198 shares during the period. State of Wyoming acquired a new position in shares of Perimeter Solutions in the second quarter valued at approximately $45,000. Tower Research Capital LLC TRC boosted its holdings in shares of Perimeter Solutions by 116.4% in the third quarter. Tower Research Capital LLC TRC now owns 7,604 shares of the company's stock valued at $61,000 after buying an additional 4,090 shares during the period. Finally, CWM LLC acquired a new position in shares of Perimeter Solutions in the fourth quarter valued at approximately $44,000. 89.93% of the stock is owned by institutional investors.

About Perimeter Solutions

Perimeter Solutions, SA manufactures and supplies firefighting products and lubricant additives in the United States, Germany, and internationally. It operates in two segments, Fire Safety and Specialty Products. The Fire Safety segment provides fire retardants and firefighting foams, as well as specialized equipment and services for federal, state, provincial, local/municipal, and commercial customers.