Perimeter Solutions (NYSE:PRM) Reaches New 12-Month High at $12.52

Perimeter Solutions, SA (NYSE:PRM)’s share price hit a new 52-week high during 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 upped their target price on Perimeter Solutions from $8.75 to $11.00 and gave the company a “neutral” rating in a report on Friday, August 16th.

Perimeter Solutions Trading Up 1.9 %

The company has a fifty day moving average of $10.07 and a 200-day moving average of $8.25. The company has a quick ratio of 1.87, a current ratio of 3.61 and a debt-to-equity ratio of 0.63.

Perimeter Solutions (NYSE:PRM) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.14 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $113.41 million. During the same period in the prior year, the firm earned ($0.05) earnings per share. On average, research analysts expect that Perimeter Solutions, SA will post 0.49 EPS for the current year.

Institutional Investors Weigh In On Perimeter Solutions

A number of hedge funds have recently bought and sold shares of PRM. Pennant Investors LP increased its stake in Perimeter Solutions by 43.8% in the fourth quarter. Pennant Investors LP now owns 2,300,000 shares of the company’s stock valued at $10,580,000 after purchasing an additional 700,000 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Perimeter Solutions by 59.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,878,518 shares of the company’s stock worth $14,708,000 after acquiring an additional 698,622 shares in the last quarter. Pennant Select LLC purchased a new stake in Perimeter Solutions in the fourth quarter valued at $2,645,000. CenterBook Partners LP boosted its stake in Perimeter Solutions by 278.8% in the fourth quarter. CenterBook Partners LP now owns 393,127 shares of the company’s stock valued at $1,808,000 after acquiring an additional 289,348 shares in the last quarter. Finally, Equitable Trust Co. lifted its holdings in shares of Perimeter Solutions by 10.5% during the first quarter. Equitable Trust Co. now owns 2,117,843 shares of the company’s stock worth $15,714,000 after purchasing an additional 200,632 shares during the period. 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.