Montrose Environmental Group, Inc. (NYSE:MEG – Get Rating) saw an uptick in trading volume on Tuesday . 7,649 shares changed hands during mid-day trading, a decline of 94% from the previous session’s volume of 122,837 shares.The stock last traded at $43.98 and had previously closed at $44.14.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on MEG. Capital One Financial restated an “overweight” rating on shares of Montrose Environmental Group in a research note on Thursday, August 11th. Needham & Company LLC lowered their price objective on Montrose Environmental Group from $60.00 to $48.00 and set a “buy” rating for the company in a research note on Monday, November 14th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $48.90.
Montrose Environmental Group Stock Up 0.8 %
The company has a 50 day moving average price of $40.07 and a two-hundred day moving average price of $39.12. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.38 and a quick ratio of 2.38. The stock has a market cap of $1.33 billion, a PE ratio of -33.89 and a beta of 1.70.
Institutional Inflows and Outflows
About Montrose Environmental Group
Montrose Environmental Group, Inc operates as an environmental services company in the United States. The company operates in three segments: Assessment, Permitting and Response; Measurement and Analysis; and Remediation and Reuse. The Assessment, Permitting and Response segment provides scientific advisory and consulting services to support environmental assessments, environmental emergency response and recovery, toxicology consulting and environmental audits and permits for current operations, facility upgrades, new projects, decommissioning projects, and development projects.
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