TOMI Environmental Solutions (NASDAQ:TOMZ) Shares Down 4.2% – Here’s Why

TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) dropped 4.2% during mid-day trading on Wednesday . The company traded as low as $0.78 and last traded at $0.7806. Approximately 11,357 shares were traded during trading, a decline of 35% from the average daily volume of 17,599 shares. The stock had previously closed at $0.8152.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Weiss Ratings restated a “sell (d-)” rating on shares of TOMI Environmental Solutions in a report on Wednesday, October 8th. Zacks Research upgraded shares of TOMI Environmental Solutions from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 16th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $3.50.

TOMI Environmental Solutions Stock Performance

The stock has a market capitalization of $15.79 million, a PE ratio of -3.12 and a beta of 1.54. The company has a quick ratio of 0.66, a current ratio of 1.98 and a debt-to-equity ratio of 1.31. The stock has a fifty day moving average of $0.88 and a 200-day moving average of $0.94.

TOMI Environmental Solutions (NASDAQ:TOMZ) last posted its quarterly earnings results on Friday, November 14th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). TOMI Environmental Solutions had a negative net margin of 91.40% and a negative return on equity of 91.39%. The company had revenue of $2.01 million during the quarter, compared to analyst estimates of $2.74 million. Equities analysts anticipate that TOMI Environmental Solutions, Inc. will post -0.05 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in TOMI Environmental Solutions stock. Susquehanna International Group LLP boosted its holdings in TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) by 42.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,280 shares of the company’s stock after purchasing an additional 30,361 shares during the quarter. Susquehanna International Group LLP owned about 0.50% of TOMI Environmental Solutions worth $104,000 at the end of the most recent quarter. Institutional investors and hedge funds own 4.77% of the company’s stock.

About TOMI Environmental Solutions

TOMI Environmental Solutions, Inc, a bacteria decontamination and infectious disease control company, engages in the provision of environmental solutions for indoor air and surface disinfection and decontamination in the United States and internationally. The company’s disinfection solutions include SteraPak portable disinfection systems, SteraMist select surface units, SteraMist environment systems, SteraMist total disinfection carts, SteraMist transport units, NV+ fogging disinfection and decontamination systems, SteraMist custom engineered systems, SteraMist Hybrid disinfection systems, SteraMist integrated systems, Stainless Steel 90-Degree applicators, SteraMist plasma decontamination chambers, and iHP Corporate Service Decontamination, which provides full room, equipment, facility, and emergency disinfection and decontamination services.