TOMI Environmental Solutions (NASDAQ:TOMZ) Stock Price Breaks Above Two Hundred Day Moving Average – What’s Next?

TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $1.97 and traded as high as $2.20. TOMI Environmental Solutions shares last traded at $2.16, with a volume of 107,266 shares changing hands.

Analyst Ratings Changes

Several research firms recently issued reports on TOMZ. HC Wainwright reissued a “buy” rating and set a $7.00 price target (up from $3.50) on shares of TOMI Environmental Solutions in a research report on Thursday, July 30th. Wall Street Zen raised shares of TOMI Environmental Solutions to a “hold” rating in a report on Saturday, July 25th. Finally, Weiss Ratings downgraded shares of TOMI Environmental Solutions from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, September 10th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $7.00.

TOMI Environmental Solutions Stock Performance

The company has a debt-to-equity ratio of 2.07, a current ratio of 1.49 and a quick ratio of 0.73. The stock has a fifty day moving average price of $1.59 and a two-hundred day moving average price of $1.97. The company has a market cap of $18.15 million, a P/E ratio of -4.46 and a beta of 1.94.

TOMI Environmental Solutions (NASDAQ:TOMZ) last posted its earnings results on Friday, August 14th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.06. TOMI Environmental Solutions had a negative return on equity of 326.81% and a negative net margin of 49.77%. The firm had revenue of $2.25 million for the quarter, compared to analysts’ expectations of $1.84 million. On average, equities analysts forecast that TOMI Environmental Solutions, Inc. will post -0.07 earnings per share for the current fiscal year.

About TOMI Environmental Solutions

TOMI Environmental Solutions, Inc develops, manufactures and commercializes environmental decontamination and infection-prevention solutions. Its primary technology, SteraMist, uses a patented Binary Ionization Technology process that converts a hydrogen peroxide solution into a fine mist intended to reduce or eliminate a broad range of pathogens on surfaces and in enclosed environments.

The company offers SteraMist systems, equipment and related products for use in healthcare facilities, life sciences and pharmaceutical environments, commercial and industrial facilities, education, government and other settings that require disinfection or biodecontamination.