Charah Solutions (CHRA) Reaches New 12-Month Low at $5.20

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.

Charah Solutions (NYSE:CHRA) last announced its quarterly earnings results on Wednesday, March 27th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.10). The business had revenue of $203.21 million for the quarter, compared to analyst estimates of $188.00 million. Charah Solutions had a positive return on equity of 20.89% and a negative net margin of 1.20%. As a group, equities research analysts anticipate that Charah Solutions Inc will post 0.43 earnings per share for the current fiscal year.

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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