HC Wainwright Reaffirms “Buy” Rating for TOMI Environmental Solutions (NASDAQ:TOMZ)

TOMI Environmental Solutions (NASDAQ:TOMZ)‘s stock had its “buy” rating reiterated by analysts at HC Wainwright in a research report issued on Friday, Benzinga reports. They presently have a $3.50 price objective on the stock. HC Wainwright’s price target would indicate a potential upside of 378.80% from the company’s previous close.

TOMI Environmental Solutions Price Performance

TOMI Environmental Solutions stock opened at $0.73 on Friday. The firm has a fifty day moving average of $0.85 and a 200-day moving average of $0.77. TOMI Environmental Solutions has a 52-week low of $0.52 and a 52-week high of $1.39. The company has a quick ratio of 1.98, a current ratio of 4.36 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $14.58 million, a P/E ratio of -4.06 and a beta of 1.30.

TOMI Environmental Solutions (NASDAQ:TOMZ) last announced its quarterly earnings results on Wednesday, May 15th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.05). The company had revenue of $1.11 million during the quarter, compared to analyst estimates of $2.58 million. TOMI Environmental Solutions had a negative net margin of 51.20% and a negative return on equity of 39.96%. As a group, analysts predict that TOMI Environmental Solutions will post -0.1 EPS for the current year.

Hedge Funds Weigh In On TOMI Environmental Solutions

An institutional investor recently bought a new position in TOMI Environmental Solutions stock. Choreo LLC bought a new stake in TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 48,751 shares of the company’s stock, valued at approximately $49,000. Choreo LLC owned 0.24% of TOMI Environmental Solutions at the end of the most recent quarter. 4.77% of the stock is owned by institutional investors and hedge funds.

TOMI Environmental Solutions Company Profile

TOMI Environmental Solutions, Inc, a bacteria decontamination and infectious disease control company, provides environmental solutions for indoor surface decontamination in the United States and internationally. Its products and services include SteraMist Surface Unit, a portable, handheld, point and spray disinfection/decontamination system intended to provide quick turnover of any affected space; SteraMist Environment System, a transportable, remotely controlled system that offers complete room disinfection/decontamination of a sealed space; and The SteraMist Hospital Disinfection Cart, a solution to aid its hospital-healthcare customers in providing the quality of care and safety to their patients by disinfecting patient and operating rooms, pharmacies, ambulances, and emergency environments in a hospital or healthcare facility.