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

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI)’s share price passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $13.93 and traded as high as $14.22. Perma-Fix Environmental Services shares last traded at $13.30, with a volume of 230,513 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Perma-Fix Environmental Services in a research report on Tuesday, September 22nd. Wall Street Zen lowered shares of Perma-Fix Environmental Services from a “sell” rating to a “strong sell” rating in a research report on Saturday, October 3rd. Finally, Zacks Research raised shares of Perma-Fix Environmental Services to a “hold” rating in a research report on Friday, October 2nd. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Perma-Fix Environmental Services has an average rating of “Reduce”.

Perma-Fix Environmental Services Price Performance

The stock has a market capitalization of $271.62 million, a P/E ratio of -11.33 and a beta of 0.56. The stock’s fifty day moving average is $17.06 and its 200-day moving average is $13.95. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.67 and a quick ratio of 1.58.

Perma-Fix Environmental Services (NASDAQ:PESI) last released its quarterly 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 for the quarter, compared to the consensus estimate of $12.90 million. On average, equities analysts anticipate that Perma-Fix Environmental Services, Inc. will post -1.02 earnings per share for the current year.

Institutional Trading of Perma-Fix Environmental Services

Hedge funds have recently added to or reduced their stakes in the business. Diamond Hill Capital Management LLC Investment Advisor bought a new position in shares of Perma-Fix Environmental Services during the 2nd quarter worth approximately $9,182,000. North Star Investment Management Corp. grew its position in Perma-Fix Environmental Services by 2,639.4% in the first quarter. North Star Investment Management Corp. now owns 120,532 shares of the industrial products company’s stock valued at $1,288,000 after acquiring an additional 116,132 shares during the period. Bank of New York Mellon Corp bought a new stake in Perma-Fix Environmental Services in the second quarter valued at $544,000. Rothschild Wealth LLC acquired a new position in Perma-Fix Environmental Services during the fourth quarter worth $2,094,000. Finally, Pale Fire Capital SE raised its stake in Perma-Fix Environmental Services by 14.4% during the second quarter. Pale Fire Capital SE now owns 55,627 shares of the industrial products company’s stock worth $795,000 after acquiring an additional 7,001 shares in the last quarter. Institutional investors own 25.52% of the company’s stock.

About Perma-Fix Environmental Services

Perma-Fix Environmental Services, Inc (NASDAQ:PESI) provides nuclear and industrial waste management services. The company treats and processes radioactive, mixed, hazardous, and other difficult-to-manage waste streams for government and commercial customers, with an emphasis on reducing waste volume and preparing materials for compliant disposal.

Its services include waste treatment, stabilization, remediation, waste characterization, decontamination, engineering, consulting, and project management.