Charah Solutions Inc (NYSE:CHRA)’s share price hit a new 52-week low on Wednesday . The company traded as low as $5.20 and last traded at $5.22, with a volume of 1665 shares traded. The stock had previously closed at $6.71.
A number of equities analysts have weighed in on CHRA shares. Bank of America downgraded Charah Solutions from a “buy” rating to an “underperform” rating and set a $7.00 price target on the stock. in a research report on Friday, February 22nd. Zacks Investment Research raised Charah Solutions from a “sell” rating to a “hold” rating in a research report on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $9.88.
The stock has a market capitalization of $198.31 million and a price-to-earnings ratio of 4.38. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.66 and a quick ratio of 1.43.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN boosted its holdings in shares of Charah Solutions by 180.4% during the first quarter. Wells Fargo & Company MN now owns 4,030 shares of the company’s stock worth $26,000 after acquiring an additional 2,593 shares during the period. Macquarie Group Ltd. boosted its holdings in shares of Charah Solutions by 226.8% during the fourth quarter. Macquarie Group Ltd. now owns 6,200 shares of the company’s stock worth $52,000 after acquiring an additional 4,303 shares during the period. Strs Ohio boosted its holdings in shares of Charah Solutions by 361.9% during the fourth quarter. Strs Ohio now owns 9,700 shares of the company’s stock worth $80,000 after acquiring an additional 7,600 shares during the period. California State Teachers Retirement System boosted its holdings in shares of Charah Solutions by 18.5% during the first quarter. California State Teachers Retirement System now owns 13,249 shares of the company’s stock worth $85,000 after acquiring an additional 2,066 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Charah Solutions by 37.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 19,137 shares of the company’s stock worth $123,000 after acquiring an additional 5,187 shares during the period. 23.29% of the stock is currently owned by hedge funds and other institutional investors.
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Charah Solutions Company Profile (NYSE:CHRA)
Charah Solutions, Inc provides environmental and maintenance services to the power generation industry in the United States. The company operates through two segments, Environmental Solutions; and Maintenance and Technical Services. The Environmental Solutions segment offers remediation and compliance services, including development, construction, and management of landfills for coal-fired power generation facilities, and new and existing ash ponds; and active pond management services, such as clean closure, cap-in-place, and design and construction of new ponds.
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