HC Wainwright Reaffirms Buy Rating for TOMI Environmental Solutions (NASDAQ:TOMZ)

TOMI Environmental Solutions (NASDAQ:TOMZ)‘s stock had its “buy” rating reissued by research analysts at HC Wainwright in a research report issued to clients and investors on Thursday, Benzinga reports. They currently have a $3.50 price objective on the stock. HC Wainwright’s price target suggests a potential upside of 311.76% from the stock’s previous close.

TOMI Environmental Solutions Stock Performance

NASDAQ:TOMZ opened at $0.85 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.84 and a quick ratio of 2.06. The firm has a 50-day moving average of $0.81 and a two-hundred day moving average of $0.79. The stock has a market cap of $17.01 million, a P/E ratio of -6.54 and a beta of 1.31. TOMI Environmental Solutions has a 1-year low of $0.52 and a 1-year high of $1.19.

Hedge Funds Weigh In On TOMI Environmental Solutions

A hedge fund recently raised its stake in TOMI Environmental Solutions stock. Dynamic Advisor Solutions LLC boosted its holdings in TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) by 150.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,000 shares of the company’s stock after acquiring an additional 30,000 shares during the period. Dynamic Advisor Solutions LLC owned about 0.25% of TOMI Environmental Solutions worth $40,000 at the end of the most recent quarter. Hedge funds and other institutional investors 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.