Perimeter Solutions (NYSE:PRM) Hits New 52-Week High at $12.52

Perimeter Solutions, SA (NYSE:PRM)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $12.52 and last traded at $12.36, with a volume of 66895 shares traded. The stock had previously closed at $11.97.

Wall Street Analyst Weigh In

Separately, UBS Group raised their target price on shares of Perimeter Solutions from $8.75 to $11.00 and gave the company a “neutral” rating in a research note on Friday, August 16th.

Perimeter Solutions Trading Up 1.9 %

The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.87 and a current ratio of 3.61. The stock’s 50 day simple moving average is $10.07 and its 200-day simple moving average is $8.25.

Perimeter Solutions (NYSE:PRM) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.14 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $113.41 million. During the same period in the prior year, the company earned ($0.05) earnings per share. Research analysts forecast that Perimeter Solutions, SA will post 0.49 EPS for the current year.

Institutional Trading of Perimeter Solutions

Institutional investors have recently made changes to their positions in the company. ProShare Advisors LLC lifted its holdings in Perimeter Solutions by 7.3% in the 1st quarter. ProShare Advisors LLC now owns 27,126 shares of the company’s stock valued at $201,000 after purchasing an additional 1,851 shares in the last quarter. Dynamic Technology Lab Private Ltd boosted its position in Perimeter Solutions by 4.4% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 58,645 shares of the company’s stock worth $270,000 after acquiring an additional 2,462 shares during the last quarter. Quadrant Capital Group LLC grew its stake in Perimeter Solutions by 136.5% during the 4th quarter. Quadrant Capital Group LLC now owns 5,540 shares of the company’s stock valued at $25,000 after acquiring an additional 3,198 shares in the last quarter. Simplicity Wealth LLC raised its holdings in Perimeter Solutions by 24.8% in the 2nd quarter. Simplicity Wealth LLC now owns 23,181 shares of the company’s stock valued at $182,000 after acquiring an additional 4,600 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its stake in Perimeter Solutions by 12.6% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 44,713 shares of the company’s stock worth $332,000 after purchasing an additional 4,996 shares in the last quarter. 89.93% of the stock is owned by institutional investors and hedge funds.

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.