Enviri (NYSE:NVRI) Sets New 12-Month High – Here’s What Happened

Enviri Corporation (NYSE:NVRI)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $18.59 and last traded at $17.68, with a volume of 3631898 shares trading hands. The stock had previously closed at $13.57.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NVRI. Weiss Ratings reissued a “sell (d-)” rating on shares of Enviri in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Enviri from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Enviri presently has an average rating of “Sell”.

Enviri Stock Performance

The company has a market cap of $1.40 billion, a PE ratio of -8.88 and a beta of 1.92. The company has a debt-to-equity ratio of 3.55, a quick ratio of 0.88 and a current ratio of 1.19. The firm’s 50 day moving average is $12.62 and its 200-day moving average is $10.35.

Enviri (NYSE:NVRI) last released its earnings results on Monday, November 10th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.03). The business had revenue of $574.82 million during the quarter, compared to analysts’ expectations of $573.60 million. Enviri had a negative return on equity of 7.86% and a negative net margin of 7.02%.The company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period last year, the business earned ($0.01) earnings per share. Enviri has set its FY 2025 guidance at -0.740–0.620 EPS. Q4 2025 guidance at -0.260–0.130 EPS. On average, research analysts anticipate that Enviri Corporation will post -0.13 earnings per share for the current fiscal year.

Institutional Trading of Enviri

A number of hedge funds and other institutional investors have recently modified their holdings of NVRI. GSA Capital Partners LLP raised its holdings in shares of Enviri by 56.4% during the 1st quarter. GSA Capital Partners LLP now owns 98,906 shares of the company’s stock worth $658,000 after acquiring an additional 35,681 shares during the period. Entropy Technologies LP acquired a new stake in shares of Enviri during the 1st quarter worth approximately $70,000. Nuveen LLC purchased a new stake in shares of Enviri during the 1st quarter valued at approximately $1,441,000. Public Sector Pension Investment Board raised its position in shares of Enviri by 26.6% during the 1st quarter. Public Sector Pension Investment Board now owns 254,114 shares of the company’s stock valued at $1,690,000 after buying an additional 53,423 shares during the period. Finally, Neuberger Berman Group LLC lifted its holdings in Enviri by 21.2% in the first quarter. Neuberger Berman Group LLC now owns 5,755,670 shares of the company’s stock valued at $38,299,000 after acquiring an additional 1,008,706 shares during the last quarter. 93.43% of the stock is owned by institutional investors and hedge funds.

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.