Perimeter Solutions (NYSE:PRM) Reaches New 52-Week Low at $5.87

Perimeter Solutions, SA (NYSE:PRM – Get Rating) shares reached a new 52-week low on Wednesday . The company traded as low as $5.87 and last traded at $5.91, with a volume of 80744 shares. The stock had previously closed at $6.14.

Analysts Set New Price Targets

Separately, Morgan Stanley dropped their price target on shares of Perimeter Solutions from $14.00 to $12.00 in a research note on Tuesday, April 18th.

Perimeter Solutions Price Performance

The company has a debt-to-equity ratio of 0.58, a current ratio of 4.03 and a quick ratio of 1.83. The stock has a market cap of $896.38 million, a P/E ratio of 33.53 and a beta of 1.41. The company’s 50 day simple moving average is $7.23 and its 200 day simple moving average is $8.49.

Perimeter Solutions (NYSE:PRM – Get Rating) last issued its earnings results on Tuesday, February 28th. The company reported ($0.38) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.23). Perimeter Solutions had a net margin of 10.10% and a negative return on equity of 3.90%. The firm had revenue of $41.27 million during the quarter, compared to the consensus estimate of $58.85 million. As a group, equities analysts forecast that Perimeter Solutions, SA will post 0.18 earnings per share for the current year.

Institutional Investors Weigh In On Perimeter Solutions

Large investors have recently bought and sold shares of the company. Quarry LP bought a new stake in Perimeter Solutions in the first quarter valued at approximately $34,000. Tower Research Capital LLC TRC increased its position in shares of Perimeter Solutions by 116.4% during the third quarter. Tower Research Capital LLC TRC now owns 7,604 shares of the company’s stock worth $61,000 after acquiring an additional 4,090 shares in the last quarter. Carmel Capital Partners LLC bought a new stake in shares of Perimeter Solutions during the first quarter worth $65,000. Financial Management Professionals Inc. increased its position in shares of Perimeter Solutions by 99.7% during the fourth quarter. Financial Management Professionals Inc. now owns 9,962 shares of the company’s stock worth $91,000 after acquiring an additional 4,973 shares in the last quarter. Finally, Townsquare Capital LLC bought a new stake in shares of Perimeter Solutions during the fourth quarter worth $92,000.

About Perimeter Solutions

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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 Oil Additives. 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.