Harsco Corp. (NYSE:HSC) rose 5.5% on Friday . The company traded as high as $7.36 and last traded at $7.31, with a volume of 407,529 shares trading hands. The stock had previously closed at $6.93.

Separately, Zacks Investment Research raised shares of Harsco Corp. from a “hold” rating to a “buy” rating and set a $7.00 price target for the company in a report on Monday, May 23rd.

The stock’s market capitalization is $580.70 million. The firm’s 50 day moving average price is $6.63 and its 200-day moving average price is $6.28.

Harsco Corp. (NYSE:HSC) last released its earnings results on Wednesday, May 4th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.08. The firm earned $353 million during the quarter, compared to analysts’ expectations of $347.50 million. The business’s revenue was down 21.9% on a year-over-year basis. During the same period last year, the business earned $0.20 earnings per share. On average, equities research analysts anticipate that Harsco Corp. will post $0.28 earnings per share for the current year.

A number of hedge funds and institutional investors recently made changes to their positions in HSC. Lapides Asset Management LLC increased its position in shares of Harsco Corp. by 11.5% in the fourth quarter. Lapides Asset Management LLC now owns 2,055,000 shares of the company’s stock worth $16,193,000 after buying an additional 211,500 shares during the last quarter. California Public Employees Retirement System increased its position in shares of Harsco Corp. by 6.7% in the fourth quarter. California Public Employees Retirement System now owns 348,553 shares of the company’s stock worth $2,747,000 after buying an additional 21,900 shares during the last quarter. New York State Common Retirement Fund increased its position in shares of Harsco Corp. by 139.2% in the fourth quarter. New York State Common Retirement Fund now owns 183,493 shares of the company’s stock worth $1,446,000 after buying an additional 106,793 shares during the last quarter. California State Teachers Retirement System increased its position in shares of Harsco Corp. by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 148,394 shares of the company’s stock worth $1,169,000 after buying an additional 2,625 shares during the last quarter. Finally, Systematic Financial Management LP bought a new position in shares of Harsco Corp. during the fourth quarter worth approximately $1,543,000.

Harsco Corporation is a provider of industrial services and engineered products serving global industries. The Company operates in three segments: Harsco Metals & Minerals, Harsco Industrial and Harsco Rail. Harsco Metals & Minerals segment is a provider of on-site, outsourced services to the global metals industries.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.