Perimeter Solutions, SA (NYSE:PRM) Short Interest Up 23.9% in February

Perimeter Solutions, SA (NYSE:PRMGet Free Report) was the target of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 3,010,000 shares, a growth of 23.9% from the January 31st total of 2,430,000 shares. Approximately 2.2% of the company’s shares are short sold. Based on an average daily trading volume, of 1,030,000 shares, the short-interest ratio is presently 2.9 days.

Analyst Ratings Changes

Separately, UBS Group increased their target price on shares of Perimeter Solutions from $4.50 to $6.50 and gave the stock a “neutral” rating in a report on Tuesday, February 27th.

View Our Latest Stock Analysis on Perimeter Solutions

Institutional Investors Weigh In On Perimeter Solutions

Several large investors have recently made changes to their positions in the stock. BlackRock Inc. grew its position in Perimeter Solutions by 37.5% in the third quarter. BlackRock Inc. now owns 8,580,439 shares of the company’s stock valued at $68,729,000 after purchasing an additional 2,340,453 shares in the last quarter. Select Equity Group L.P. grew its position in Perimeter Solutions by 15.6% in the fourth quarter. Select Equity Group L.P. now owns 16,039,616 shares of the company’s stock valued at $146,602,000 after purchasing an additional 2,162,351 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Perimeter Solutions by 170.7% in the 3rd quarter. Vanguard Group Inc. now owns 3,211,298 shares of the company’s stock valued at $25,722,000 after acquiring an additional 2,025,116 shares during the period. State Street Corp bought a new position in shares of Perimeter Solutions in the 2nd quarter valued at about $19,342,000. Finally, JPMorgan Chase & Co. grew its position in shares of Perimeter Solutions by 26.5% in the 1st quarter. JPMorgan Chase & Co. now owns 8,053,194 shares of the company’s stock valued at $65,069,000 after acquiring an additional 1,687,150 shares during the period. Institutional investors own 94.04% of the company’s stock.

Perimeter Solutions Trading Down 1.0 %

PRM traded down $0.06 during mid-day trading on Monday, hitting $6.18. The stock had a trading volume of 702,095 shares, compared to its average volume of 823,276. The stock’s fifty day simple moving average is $4.89 and its 200-day simple moving average is $4.55. The company has a debt-to-equity ratio of 0.58, a current ratio of 4.56 and a quick ratio of 1.91. The firm has a market capitalization of $971.87 million, a price-to-earnings ratio of 15.45 and a beta of 1.93. Perimeter Solutions has a 1-year low of $2.79 and a 1-year high of $8.64.

Perimeter Solutions (NYSE:PRMGet Free Report) last issued its quarterly earnings data on Thursday, February 22nd. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.02. Perimeter Solutions had a net margin of 20.95% and a return on equity of 1.78%. The company had revenue of $59.46 million during the quarter, compared to the consensus estimate of $45.00 million. As a group, research analysts forecast that Perimeter Solutions will post 0.27 EPS for the current fiscal year.

Perimeter Solutions Company Profile

(Get Free Report)

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.

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