Everus (NYSE:ECG) Trading Down 4.2% – Time to Sell?

Shares of Everus (NYSE:ECG) fell 4.2% on Thursday . The company traded as low as $67.00 and last traded at $67.02. 161,245 shares changed hands during trading, a decline of 60% from the average session volume of 406,988 shares. The stock had previously closed at $69.95.

Wall Street Analyst Weigh In

A number of brokerages have commented on ECG. Oppenheimer raised their price objective on Everus from $70.00 to $80.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. DA Davidson started coverage on shares of Everus in a research note on Monday, November 4th. They set a “neutral” rating and a $55.00 price target for the company. Wolfe Research began coverage on shares of Everus in a report on Tuesday, December 3rd. They set a “peer perform” rating on the stock. Finally, Stifel Nicolaus lifted their price objective on shares of Everus from $71.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, December 11th.

Everus Stock Down 5.1 %

The company has a quick ratio of 1.50, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. The firm’s fifty day moving average is $65.93.

Hedge Funds Weigh In On Everus

Large investors have recently bought and sold shares of the stock. Mendota Financial Group LLC purchased a new stake in Everus in the 4th quarter valued at about $36,000. SeaCrest Wealth Management LLC purchased a new stake in shares of Everus during the fourth quarter valued at approximately $292,000. Cascade Investment Group Inc. bought a new stake in Everus during the fourth quarter worth $329,000. Forza Wealth Management LLC bought a new stake in Everus during the fourth quarter worth $336,000. Finally, Brady Martz Wealth Solutions LLC purchased a new position in Everus in the fourth quarter worth $472,000.

About Everus

Everus Construction Group is providing a full spectrum of construction services through its electrical and mechanical and transmission and distribution specialty contracting services principally in United States. Its specialty contracting services are provided to utility, transportation, commercial, industrial, institutional, renewable and other customers.