TOMI Environmental Solutions (NASDAQ:TOMZ) Trading Down 1.9% – Time to Sell?

TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) fell 1.9% during mid-day trading on Tuesday . The company traded as low as $0.9756 and last traded at $1.04. 230,577 shares were traded during mid-day trading, a decline of 43% from the average session volume of 403,383 shares. The stock had previously closed at $1.06.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of TOMI Environmental Solutions in a report on Friday, May 29th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

TOMI Environmental Solutions Stock Performance

The firm has a market cap of $24.02 million, a P/E ratio of -4.95 and a beta of 1.87. The business’s fifty day moving average is $0.70 and its 200-day moving average is $0.73. The company has a debt-to-equity ratio of 4.95, a quick ratio of 0.40 and a current ratio of 1.09.

TOMI Environmental Solutions (NASDAQ:TOMZ) last released its earnings results on Friday, May 8th. The company reported ($0.04) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.04). The business had revenue of $1.65 million during the quarter, compared to the consensus estimate of $1.69 million. TOMI Environmental Solutions had a negative net margin of 75.34% and a negative return on equity of 315.96%. Analysts predict that TOMI Environmental Solutions, Inc. will post -0.16 EPS for the current year.

Institutional Trading of TOMI Environmental Solutions

An institutional investor recently raised its position in TOMI Environmental Solutions stock. Susquehanna International Group LLP raised its position in shares of TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) by 42.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 101,280 shares of the company’s stock after purchasing an additional 30,361 shares during the quarter. Susquehanna International Group LLP owned approximately 0.50% of TOMI Environmental Solutions worth $104,000 at the end of the most recent quarter. 4.77% of the stock is owned by hedge funds and other institutional investors.

TOMI Environmental Solutions Company Profile

TOMI Environmental Solutions, Inc is a provider of infection prevention and control technologies, specializing in advanced decontamination and disinfection solutions. The company develops and manufactures a range of proprietary products, including electrostatic sprayers, thermal foggers, vaporized hydrogen peroxide systems and mobile decontamination chambers. These technologies are designed to deliver broad-spectrum pathogen kill and odor elimination in both occupied and unoccupied spaces.

In addition to its equipment offerings, TOMI provides chemical disinfectants and surface coatings formulated to meet regulatory standards for hospital‐grade efficacy.