Perma-Fix Environmental Services (NASDAQ:PESI) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $12.52 and traded as high as $14.73. Perma-Fix Environmental Services shares last traded at $14.34, with a volume of 312,213 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Weiss Ratings raised Perma-Fix Environmental Services from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, June 25th. Wall Street Zen lowered Perma-Fix Environmental Services from a “sell” rating to a “strong sell” rating in a research note on Sunday, May 17th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Perma-Fix Environmental Services Stock Performance

The company has a quick ratio of 1.17, a current ratio of 1.25 and a debt-to-equity ratio of 0.04. The stock has a market cap of $302.95 million, a price-to-earnings ratio of -14.89 and a beta of 0.45. The stock’s fifty day moving average is $11.05 and its 200-day moving average is $12.53.

Perma-Fix Environmental Services (NASDAQ:PESI) last posted its earnings results on Thursday, May 7th. The industrial products company reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.16). The firm had revenue of $11.13 million during the quarter, compared to analyst estimates of $12.95 million. Perma-Fix Environmental Services had a negative return on equity of 28.55% and a negative net margin of 30.06%.

Institutional Trading of Perma-Fix Environmental Services

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Perma-Fix Environmental Services by 2.3% during the third quarter. Vanguard Group Inc. now owns 935,942 shares of the industrial products company’s stock worth $9,453,000 after acquiring an additional 21,335 shares in the last quarter. Mak Capital One LLC increased its holdings in shares of Perma-Fix Environmental Services by 12.6% in the fourth quarter. Mak Capital One LLC now owns 918,673 shares of the industrial products company’s stock worth $11,566,000 after acquiring an additional 103,097 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Perma-Fix Environmental Services by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 422,890 shares of the industrial products company’s stock worth $5,325,000 after purchasing an additional 1,655 shares during the period. Potomac Capital Management Inc. acquired a new stake in shares of Perma-Fix Environmental Services during the fourth quarter worth about $4,303,000. Finally, State Street Corp lifted its holdings in shares of Perma-Fix Environmental Services by 4.7% during the 4th quarter. State Street Corp now owns 312,267 shares of the industrial products company’s stock valued at $3,931,000 after purchasing an additional 13,879 shares in the last quarter. Institutional investors and hedge funds own 25.52% of the company’s stock.

About Perma-Fix Environmental Services

Perma-Fix Environmental Services, Inc (NASDAQ: PESI) is a specialized provider of environmental and nuclear waste management solutions. The company offers a comprehensive suite of services, including treatment, recycling, processing, volume reduction and disposal of hazardous, radioactive and mixed wastes. Its capabilities span thermal, chemical and physical treatment technologies, supported by a network of licensed facilities designed to handle complex waste streams.

Founded in 1994 and headquartered in Atlanta, Georgia, Perma-Fix has grown both organically and through strategic acquisitions.