TOMI Environmental Solutions (NASDAQ:TOMZ) Trading Down 8.8%

Shares of TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ – Get Rating) fell 8.8% on Thursday . The company traded as low as $0.71 and last traded at $0.71. 8,872 shares were traded during trading, a decline of 53% from the average session volume of 19,056 shares. The stock had previously closed at $0.78.

TOMI Environmental Solutions Stock Down 8.8 %

The firm has a market capitalization of $14.06 million, a price-to-earnings ratio of -3.95 and a beta of 0.63. The business has a 50-day moving average of $0.61 and a two-hundred day moving average of $0.73.

TOMI Environmental Solutions (NASDAQ:TOMZ – Get Rating) last released its earnings results on Thursday, November 10th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). TOMI Environmental Solutions had a negative return on equity of 30.01% and a negative net margin of 50.88%. The firm had revenue of $1.76 million for the quarter, compared to analyst estimates of $3.23 million. Equities analysts predict that TOMI Environmental Solutions, Inc. will post -0.11 EPS for the current fiscal year.

Institutional Investors Weigh In On TOMI Environmental Solutions

A number of institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its holdings in TOMI Environmental Solutions by 65.1% during the first quarter. Renaissance Technologies LLC now owns 86,000 shares of the company’s stock valued at $78,000 after purchasing an additional 33,900 shares in the last quarter. Vanguard Group Inc. boosted its holdings in TOMI Environmental Solutions by 22.3% during the third quarter. Vanguard Group Inc. now owns 553,802 shares of the company’s stock valued at $393,000 after purchasing an additional 100,813 shares in the last quarter. Finally, State Street Corp boosted its holdings in TOMI Environmental Solutions by 145.0% during the third quarter. State Street Corp now owns 52,209 shares of the company’s stock valued at $37,000 after purchasing an additional 30,900 shares in the last quarter. 5.59% of the stock is owned by institutional investors and hedge funds.

TOMI Environmental Solutions Company Profile

(Get Rating)

TOMI Environmental Solutions, Inc, a bacteria decontamination and infectious disease control company, provides environmental solutions for indoor surface decontamination in the United States and internationally. Its products and services include SteraMist Surface Unit, a portable, handheld, point and spray disinfection/decontamination system intended to provide quick turnover of any affected space; SteraMist Environment System, a transportable, remotely controlled system that offers complete room disinfection/decontamination of a sealed space of approximately 103.8 m3; and The SteraMist Hospital Disinfection Cart, a solution to aid its hospital-healthcare customers in providing the quality of care and safety to their patients by disinfecting patient and operating rooms, pharmacies, ambulances, and emergency environments in a hospital or healthcare facility.