Enviri (NYSE:NVRI) Shares Gap Up to $7.35

Enviri Co. (NYSE:NVRI) gapped up before the market opened on Friday . The stock had previously closed at $7.35, but opened at $7.54. Enviri shares last traded at $7.68, with a volume of 74,100 shares trading hands.

Enviri Stock Performance

The firm’s 50 day moving average price is $8.13. The company has a quick ratio of 1.22, a current ratio of 1.36 and a debt-to-equity ratio of 2.20.

Enviri (NYSE:NVRI) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.03. Enviri had a negative return on equity of 0.39% and a negative net margin of 2.82%. The firm had revenue of $520.17 million for the quarter, compared to analysts’ expectations of $497.43 million. During the same period last year, the firm earned $0.01 earnings per share. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Enviri Co. will post -0.16 EPS for the current fiscal year.

Insider Transactions at Enviri

In other news, CFO Peter Francis Minan bought 3,667 shares of the business’s stock in a transaction dated Wednesday, August 9th. The shares were purchased at an average price of $7.02 per share, for a total transaction of $25,742.34. Following the completion of the acquisition, the chief financial officer now owns 293,947 shares of the company’s stock, valued at $2,063,507.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.80% of the company’s stock.

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 Harsco 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 produces value-added downstream products from industrial waste-stream.