TOMI Environmental Solutions (NASDAQ:TOMZ) Upgraded to “Hold” at Wall Street Zen

TOMI Environmental Solutions (NASDAQ:TOMZ) was upgraded by research analysts at Wall Street Zen to a “hold” rating in a research note issued on Saturday.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of TOMI Environmental Solutions in a research report on Friday, May 29th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, TOMI Environmental Solutions currently has an average rating of “Reduce”.

TOMI Environmental Solutions Stock Performance

Shares of TOMI Environmental Solutions stock opened at $1.54 on Friday. The company’s 50 day moving average price is $2.38 and its two-hundred day moving average price is $2.17. The firm has a market capitalization of $12.54 million, a P/E ratio of -2.44 and a beta of 1.88. TOMI Environmental Solutions has a fifty-two week low of $1.39 and a fifty-two week high of $3.60. The company has a debt-to-equity ratio of 4.95, a current ratio of 1.09 and a quick ratio of 0.40.

TOMI Environmental Solutions (NASDAQ:TOMZ) last announced its quarterly earnings results on Friday, May 8th. The company reported ($0.12) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.12). TOMI Environmental Solutions had a negative net margin of 75.34% and a negative return on equity of 315.96%. The company had revenue of $1.65 million during the quarter, compared to the consensus estimate of $1.69 million. On average, equities analysts forecast that TOMI Environmental Solutions will post -0.48 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TOMI Environmental Solutions

A hedge fund recently raised its position in TOMI Environmental Solutions stock. Susquehanna International Group LLP grew its holdings in shares of TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) by 42.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 101,280 shares of the company’s stock after acquiring an additional 30,361 shares during the period. Susquehanna International Group LLP owned about 0.50% of TOMI Environmental Solutions worth $104,000 as of its most recent SEC filing. 4.77% of the stock is owned by institutional investors and hedge funds.

About TOMI Environmental Solutions

TOMI Environmental Solutions, Inc is a provider of infection prevention and control technologies, specializing in advanced decontamination and disinfection solutions. The company develops and manufactures a range of proprietary products, including electrostatic sprayers, thermal foggers, vaporized hydrogen peroxide systems and mobile decontamination chambers. These technologies are designed to deliver broad-spectrum pathogen kill and odor elimination in both occupied and unoccupied spaces.

In addition to its equipment offerings, TOMI provides chemical disinfectants and surface coatings formulated to meet regulatory standards for hospital‐grade efficacy.