NRC Group (NYSEAMERICAN:NRCG) Downgraded to Sell at Zacks Investment Research

Zacks Investment Research cut shares of NRC Group (NYSEAMERICAN:NRCG) from a hold rating to a sell rating in a research report sent to investors on Wednesday morning, Zacks.com reports.

According to Zacks, “NRC Group Holdings Corp. is a provider of comprehensive environmental, compliance and waste management services to the marine and rail transportation, general industrial and energy markets. NRC Group Holdings Corp., formerly known as Hennessy Capital Acquisition Corp. III, is based in NY, United States. “

Separately, Stifel Nicolaus initiated coverage on GENFIT S A/ADR in a research note on Tuesday, June 25th. They set a hold rating on the stock.

NYSEAMERICAN:NRCG traded up $0.15 during mid-day trading on Wednesday, reaching $11.60. 94,759 shares of the stock were exchanged, compared to its average volume of 42,676. NRC Group has a 1 year low of $6.41 and a 1 year high of $11.71.

NRC Group (NYSEAMERICAN:NRCG) last released its quarterly earnings results on Tuesday, May 7th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.21). The company had revenue of $100.49 million during the quarter, compared to analysts’ expectations of $84.00 million.

A hedge fund recently bought a new stake in NRC Group stock. Millennium Management LLC purchased a new stake in shares of NRC Group Holdings Corp (NYSEAMERICAN:NRCG) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 111,856 shares of the company’s stock, valued at approximately $856,000. Millennium Management LLC owned 0.35% of NRC Group at the end of the most recent quarter.

NRC Group Company Profile

NRC Group Holdings Corp. provides various environmental, compliance, and waste management services. The company operates through four segments: Domestic Environmental Services, Sprint, Domestic Standby Services, and International Services. It provides industrial cleaning, hazardous waste packaging and management, waste transportation and disposal, salvage support, petroleum storage tank cleaning and removal, pipeline repair, land and marine based emergency response, specialized equipment rental, site remediation, and marine cleaning and marine services.

Read More: Municipal Bonds

Get a free copy of the Zacks research report on NRC Group (NRCG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for NRC Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NRC Group and related companies with MarketBeat.com's FREE daily email newsletter.