Charah Solutions (NYSE:CHRA) Upgraded to “Buy” at ValuEngine

ValuEngine upgraded shares of Charah Solutions (NYSE:CHRA) from a hold rating to a buy rating in a research note released on Friday morning, ValuEngine reports.

A number of other equities analysts have also recently issued reports on the stock. Morgan Stanley set a $7.00 price objective on shares of Charah Solutions and gave the stock a buy rating in a research report on Thursday, May 16th. Zacks Investment Research cut shares of Charah Solutions from a hold rating to a sell rating in a research report on Tuesday, July 30th.

Shares of CHRA opened at $3.24 on Friday. The company has a current ratio of 0.91, a quick ratio of 1.47 and a debt-to-equity ratio of 2.22. The stock has a market capitalization of $97.04 million, a P/E ratio of 3.52 and a beta of -0.29. The firm’s fifty day simple moving average is $5.08 and its two-hundred day simple moving average is $5.95. Charah Solutions has a 12 month low of $3.13 and a 12 month high of $8.76.

Several hedge funds have recently added to or reduced their stakes in CHRA. Macquarie Group Ltd. boosted its position in shares of Charah Solutions by 226.8% during the 4th quarter. Macquarie Group Ltd. now owns 6,200 shares of the company’s stock worth $52,000 after purchasing an additional 4,303 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in Charah Solutions in the 2nd quarter valued at about $69,000. Strs Ohio increased its stake in Charah Solutions by 123.7% in the 1st quarter. Strs Ohio now owns 21,700 shares of the company’s stock valued at $138,000 after buying an additional 12,000 shares during the last quarter. Spark Investment Management LLC increased its stake in Charah Solutions by 101.8% in the 1st quarter. Spark Investment Management LLC now owns 21,800 shares of the company’s stock valued at $139,000 after buying an additional 10,996 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in Charah Solutions in the 4th quarter valued at about $408,000. 25.30% of the stock is currently owned by institutional investors.

Charah Solutions Company Profile

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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