Perimeter Solutions (NYSE:PRM) Stock Price Down 4.6% – Should You Sell?

Perimeter Solutions, SA (NYSE:PRM)’s stock price fell 4.6% during trading on Monday . The stock traded as low as $11.80 and last traded at $11.83. 211,258 shares changed hands during trading, a decline of 59% from the average session volume of 509,263 shares. The stock had previously closed at $12.40.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley raised their price objective on shares of Perimeter Solutions from $14.00 to $18.00 and gave the company an “overweight” rating in a research note on Monday, September 16th.

Perimeter Solutions Trading Down 3.3 %

The company has a market capitalization of $1.75 billion, a P/E ratio of -10.61 and a beta of 1.91. The business has a 50 day moving average price of $13.02 and a 200 day moving average price of $11.52. The company has a current ratio of 3.91, a quick ratio of 2.95 and a debt-to-equity ratio of 0.67.

Perimeter Solutions (NYSE:PRM) last posted its earnings results on Tuesday, November 12th. The company reported ($0.61) earnings per share for the quarter, missing the consensus estimate of $0.61 by ($1.22). The firm had revenue of $288.42 million during the quarter, compared to analyst estimates of $265.30 million. Perimeter Solutions had a negative return on equity of 10.08% and a negative net margin of 30.57%. During the same quarter last year, the business posted $0.31 earnings per share. Analysts anticipate that Perimeter Solutions, SA will post -1.1 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Haitham Khouri sold 80,000 shares of Perimeter Solutions stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $12.05, for a total value of $964,000.00. Following the sale, the chief executive officer now owns 429,989 shares of the company’s stock, valued at approximately $5,181,367.45. This trade represents a 15.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Tracy Britt Cool sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $12.81, for a total value of $640,500.00. Following the transaction, the director now directly owns 173,449 shares of the company’s stock, valued at approximately $2,221,881.69. This trade represents a 22.38 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 210,156 shares of company stock worth $2,579,197. Company insiders own 8.70% of the company’s stock.

Institutional Trading of Perimeter Solutions

Several institutional investors and hedge funds have recently bought and sold shares of PRM. Barclays PLC grew its stake in Perimeter Solutions by 305.3% in the 3rd quarter. Barclays PLC now owns 206,967 shares of the company’s stock valued at $2,784,000 after buying an additional 155,899 shares during the last quarter. Orion Portfolio Solutions LLC bought a new position in shares of Perimeter Solutions during the third quarter worth approximately $138,000. Zacks Investment Management lifted its holdings in Perimeter Solutions by 4.3% during the 3rd quarter. Zacks Investment Management now owns 309,579 shares of the company’s stock worth $4,164,000 after purchasing an additional 12,860 shares during the last quarter. DF Dent & Co. Inc. increased its position in Perimeter Solutions by 27.4% during the 3rd quarter. DF Dent & Co. Inc. now owns 2,341,963 shares of the company’s stock worth $31,499,000 after buying an additional 504,146 shares during the period. Finally, Quarry LP acquired a new stake in shares of Perimeter Solutions in the third quarter valued at approximately $52,000. Institutional investors own 89.93% of the company’s stock.

Perimeter Solutions Company Profile

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.