Perimeter Solutions (NYSE:PRM) Reaches New 1-Year High – Here’s Why

Perimeter Solutions, SA (NYSE:PRM) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $13.72 and last traded at $13.63, with a volume of 183477 shares changing hands. The stock had previously closed at $13.40.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on PRM shares. Morgan Stanley upped their target price on shares of Perimeter Solutions from $14.00 to $18.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. UBS Group increased their price objective on shares of Perimeter Solutions from $8.75 to $11.00 and gave the stock a “neutral” rating in a report on Friday, August 16th.

Perimeter Solutions Stock Up 1.2 %

The company has a debt-to-equity ratio of 0.63, a current ratio of 3.61 and a quick ratio of 1.87. The company has a 50 day moving average price of $11.95 and a 200 day moving average price of $9.29.

Perimeter Solutions (NYSE:PRM) last released its earnings results on Thursday, August 1st. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.11. Perimeter Solutions had a negative net margin of 14.12% and a positive return on equity of 2.94%. The company had revenue of $127.28 million for the quarter, compared to the consensus estimate of $113.41 million. During the same period in the prior year, the company posted ($0.05) EPS. As a group, equities research analysts expect that Perimeter Solutions, SA will post 0.49 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Fidelis Capital Partners LLC acquired a new position in shares of Perimeter Solutions in the 1st quarter valued at approximately $47,000. Lazard Asset Management LLC bought a new stake in shares of Perimeter Solutions during the first quarter worth $78,000. SG Americas Securities LLC bought a new stake in Perimeter Solutions in the 1st quarter valued at $86,000. Paloma Partners Management Co bought a new position in Perimeter Solutions during the 1st quarter worth about $87,000. Finally, Versor Investments LP bought a new stake in shares of Perimeter Solutions in the second quarter valued at about $102,000. Institutional investors and hedge funds own 89.93% of the company’s stock.

About Perimeter Solutions

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 Specialty Products. 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.