Perimeter Solutions (NYSE:PRM) Hits New 52-Week High – Here’s What Happened

Shares of Perimeter Solutions, SA (NYSE:PRM) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $14.28 and last traded at $14.21, with a volume of 3751 shares trading hands. The stock had previously closed at $13.50.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. UBS Group upped their price target on Perimeter Solutions from $8.75 to $11.00 and gave the company a “neutral” rating in a report on Friday, August 16th. Morgan Stanley raised their price target on shares of Perimeter Solutions from $14.00 to $18.00 and gave the company an “overweight” rating in a report on Monday, September 16th.

Perimeter Solutions Stock Down 0.9 %

The company has a market cap of $2.03 billion, a P/E ratio of -34.89 and a beta of 2.02. The company has a quick ratio of 1.87, a current ratio of 3.61 and a debt-to-equity ratio of 0.63. The company has a fifty day moving average of $12.75 and a 200 day moving average of $9.93.

Hedge Funds Weigh In On Perimeter Solutions

Institutional investors have recently made changes to their positions in the business. Natixis Advisors LLC grew its position in shares of Perimeter Solutions by 5.9% during the 3rd quarter. Natixis Advisors LLC now owns 64,923 shares of the company’s stock valued at $873,000 after acquiring an additional 3,595 shares during the period. GSA Capital Partners LLP purchased a new position in Perimeter Solutions during the third quarter valued at $945,000. Jag Capital Management LLC bought a new stake in Perimeter Solutions during the third quarter valued at about $158,000. Bleakley Financial Group LLC increased its position in Perimeter Solutions by 14.8% in the third quarter. Bleakley Financial Group LLC now owns 26,602 shares of the company’s stock worth $358,000 after buying an additional 3,421 shares in the last quarter. Finally, Creative Planning increased its position in Perimeter Solutions by 25.5% in the third quarter. Creative Planning now owns 34,443 shares of the company’s stock worth $463,000 after buying an additional 7,006 shares in the last quarter. 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.