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

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.60 and traded as high as $15.10. Perma-Fix Environmental Services shares last traded at $14.84, with a volume of 84,690 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Perma-Fix Environmental Services in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Perma-Fix Environmental Services presently has a consensus rating of “Sell”.

Perma-Fix Environmental Services Stock Performance

The stock has a 50-day moving average of $14.20 and a 200 day moving average of $12.60. The stock has a market cap of $274.84 million, a PE ratio of -22.48 and a beta of 0.39. The company has a quick ratio of 1.72, a current ratio of 1.77 and a debt-to-equity ratio of 0.03.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of PESI. Mak Capital One LLC raised its stake in Perma-Fix Environmental Services by 780.7% during the third quarter. Mak Capital One LLC now owns 815,576 shares of the industrial products company’s stock worth $8,237,000 after purchasing an additional 722,966 shares during the period. Potomac Capital Management Inc. purchased a new stake in shares of Perma-Fix Environmental Services in the 4th quarter valued at approximately $4,303,000. Jane Street Group LLC increased its holdings in shares of Perma-Fix Environmental Services by 147.8% during the 4th quarter. Jane Street Group LLC now owns 144,239 shares of the industrial products company’s stock worth $1,816,000 after buying an additional 86,038 shares during the last quarter. Informed Momentum Co LLC purchased a new stake in shares of Perma-Fix Environmental Services during the 4th quarter valued at approximately $816,000. Finally, MYDA Advisors LLC lifted its holdings in Perma-Fix Environmental Services by 100.0% in the fourth quarter. MYDA Advisors LLC now owns 100,000 shares of the industrial products company’s stock valued at $1,259,000 after acquiring an additional 50,000 shares during the last quarter. Institutional investors and hedge funds own 25.52% of the company’s stock.

Perma-Fix Environmental Services Company Profile

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.