Perimeter Solutions (NYSE:PRM) Stock Rating Upgraded by UBS Group

Perimeter Solutions (NYSE:PRM) was upgraded by research analysts at UBS Group from a “neutral” rating to a “buy” rating in a report released on Wednesday,Finviz reports. The brokerage currently has a $14.00 target price on the stock. UBS Group’s price target would indicate a potential upside of 53.68% from the company’s current price.

Perimeter Solutions Trading Down 1.1 %

NYSE PRM opened at $9.11 on Wednesday. The firm’s 50 day moving average price is $11.16 and its two-hundred day moving average price is $12.26. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.95 and a current ratio of 3.91. Perimeter Solutions has a twelve month low of $6.84 and a twelve month high of $14.44. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of -65.07 and a beta of 1.93.

Perimeter Solutions (NYSE:PRM) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of ($0.10) by $0.21. The business had revenue of $86.23 million during the quarter, compared to analysts’ expectations of $77.01 million. Perimeter Solutions had a negative net margin of 1.05% and a negative return on equity of 7.62%. Equities analysts anticipate that Perimeter Solutions will post 0.71 EPS for the current year.

Insider Transactions at Perimeter Solutions

In other news, Director Vivek Raj sold 250,000 shares of the business’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $9.17, for a total value of $2,292,500.00. Following the completion of the sale, the director now directly owns 471,226 shares in the company, valued at approximately $4,321,142.42. The trade was a 34.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Comerica Bank acquired a new stake in shares of Perimeter Solutions in the fourth quarter valued at about $38,000. Quarry LP bought a new stake in Perimeter Solutions during the 3rd quarter valued at approximately $52,000. McAdam LLC bought a new stake in Perimeter Solutions during the 4th quarter valued at approximately $131,000. Tower Research Capital LLC TRC grew its holdings in Perimeter Solutions by 90.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 10,665 shares of the company’s stock valued at $136,000 after buying an additional 5,054 shares during the last quarter. Finally, Quantinno Capital Management LP bought a new position in Perimeter Solutions in the 4th quarter worth approximately $136,000. Institutional investors 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.