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

Zacks Investment Research lowered shares of NRC Group (NYSEAMERICAN:NRCG) from a hold rating to a sell rating in a research note published on Tuesday 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. “

Shares of NRC Group stock opened at $8.86 on Tuesday. NRC Group has a 12 month low of $6.41 and a 12 month high of $10.66.

NRC Group (NYSEAMERICAN:NRCG) last announced its quarterly earnings data on Tuesday, May 7th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.21). The business had revenue of $100.49 million during the quarter, compared to analyst estimates of $84.00 million.

Institutional investors have recently added to or reduced their stakes in the business. Citigroup Inc. purchased a new position in shares of NRC Group during the 1st quarter valued at about $59,000. BlackRock Inc. purchased a new position in NRC Group in the 1st quarter worth approximately $391,000. Millennium Management LLC bought a new stake in NRC Group in the 4th quarter worth approximately $856,000. Finally, Nomura Holdings Inc. bought a new stake in NRC Group in the 4th quarter worth approximately $17,521,000.

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.

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