Perma-Fix Environmental Services (NASDAQ:PESI) Stock Breaks Above 200 Day Moving Average – Time to Sell?

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) shares passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $13.75 and traded as high as $15.82. Perma-Fix Environmental Services shares last traded at $15.64, with a volume of 147,905 shares.

Analyst Upgrades and Downgrades

PESI has been the subject of a number of recent analyst reports. Wall Street Zen raised Perma-Fix Environmental Services from a “strong sell” rating to a “sell” rating in a report on Saturday, September 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of Perma-Fix Environmental Services in a report on Tuesday, September 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Perma-Fix Environmental Services Trading Up 1.6%

The firm’s 50-day simple moving average is $17.42 and its 200-day simple moving average is $13.77. The firm has a market capitalization of $332.16 million, a P/E ratio of -13.88 and a beta of 0.47. The company has a quick ratio of 1.58, a current ratio of 1.67 and a debt-to-equity ratio of 0.05.

Perma-Fix Environmental Services (NASDAQ:PESI) last announced its earnings results on Wednesday, August 12th. The industrial products company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.31) by ($0.01). Perma-Fix Environmental Services had a negative return on equity of 35.46% and a negative net margin of 37.04%.The company had revenue of $12.89 million during the quarter, compared to analysts’ expectations of $12.90 million.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in shares of Perma-Fix Environmental Services in the second quarter valued at about $9,182,000. Potomac Capital Management Inc. bought a new position in Perma-Fix Environmental Services in the fourth quarter valued at about $4,303,000. Rothschild Wealth LLC purchased a new position in Perma-Fix Environmental Services in the fourth quarter worth about $2,094,000. North Star Investment Management Corp. grew its stake in shares of Perma-Fix Environmental Services by 2,639.4% during the 1st quarter. North Star Investment Management Corp. now owns 120,532 shares of the industrial products company’s stock valued at $1,288,000 after purchasing an additional 116,132 shares during the period. Finally, MYDA Advisors LLC increased its position in shares of Perma-Fix Environmental Services by 100.0% during the 4th quarter. MYDA Advisors LLC now owns 100,000 shares of the industrial products company’s stock valued at $1,259,000 after purchasing an additional 50,000 shares during the last quarter. 25.52% of the stock is owned by institutional investors.

Perma-Fix Environmental Services Company Profile

Perma-Fix Environmental Services, Inc is an environmental services company that specializes in the treatment, processing and disposal of nuclear and other hazardous waste. The company provides solutions for radioactive, mixed and chemically hazardous waste streams, helping customers manage materials that require specialized handling, treatment and regulatory compliance.

Its services include waste characterization, transportation coordination, treatment, stabilization, decontamination and disposal.