Everus (NYSE:ECG) Shares Down 5.8% – Time to Sell?

Everus (NYSE:ECG)’s share price traded down 5.8% on Friday . The stock traded as low as $69.08 and last traded at $69.31. 169,504 shares were traded during mid-day trading, a decline of 75% from the average session volume of 672,639 shares. The stock had previously closed at $73.61.

Wall Street Analyst Weigh In

ECG has been the topic of a number of recent analyst reports. Wolfe Research assumed coverage on shares of Everus in a research note on Tuesday, December 3rd. They set a “peer perform” rating on the stock. Oppenheimer began coverage on Everus in a research note on Wednesday, December 4th. They issued an “outperform” rating and a $70.00 price target for the company. DA Davidson started coverage on Everus in a research note on Monday, November 4th. They issued a “neutral” rating and a $55.00 price objective for the company. Finally, Stifel Nicolaus boosted their price target on Everus from $71.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th.

Everus Stock Performance

The company has a quick ratio of 1.50, a current ratio of 1.58 and a debt-to-equity ratio of 0.47.

About Everus

Everus Construction Group is providing a full spectrum of construction services through its electrical and mechanical and transmission and distribution specialty contracting services principally in United States. Its specialty contracting services are provided to utility, transportation, commercial, industrial, institutional, renewable and other customers.