Perimeter Solutions (NYSE:PRM) Shares Gap Down – Time to Sell?

Perimeter Solutions, SA (NYSE:PRM) gapped down prior to trading on Monday . The stock had previously closed at $9.22, but opened at $9.00. Perimeter Solutions shares last traded at $9.02, with a volume of 39,826 shares trading hands.

Perimeter Solutions Trading Down 1.2 %

The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.95 and a current ratio of 3.91. The firm has a 50 day simple moving average of $11.61 and a two-hundred day simple moving average of $12.38. The firm has a market capitalization of $1.36 billion, a P/E ratio of -65.03 and a beta of 1.93.

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

Institutional Investors Weigh In On Perimeter Solutions

Large investors have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Perimeter Solutions by 25.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 313,239 shares of the company’s stock valued at $4,003,000 after buying an additional 63,919 shares in the last quarter. Voloridge Investment Management LLC grew its holdings in Perimeter Solutions by 26.6% during the 4th quarter. Voloridge Investment Management LLC now owns 174,651 shares of the company’s stock valued at $2,232,000 after buying an additional 36,652 shares in the last quarter. Squarepoint Ops LLC purchased a new position in Perimeter Solutions during the 4th quarter valued at about $1,911,000. Two Sigma Advisers LP purchased a new position in Perimeter Solutions during the 4th quarter valued at about $258,000. Finally, State of Wyoming grew its holdings in Perimeter Solutions by 241.6% during the 4th quarter. State of Wyoming now owns 34,827 shares of the company’s stock valued at $445,000 after buying an additional 24,632 shares in the last quarter. Hedge funds and other 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.