Perma-Fix Environmental Services (NASDAQ:PESI) Shares Cross Above 200 Day Moving Average – What’s Next?

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.92 and traded as high as $14.39. Perma-Fix Environmental Services shares last traded at $14.19, with a volume of 99,997 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Perma-Fix Environmental Services in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Perma-Fix Environmental Services Price Performance

The company has a quick ratio of 1.72, a current ratio of 1.77 and a debt-to-equity ratio of 0.03. The stock’s 50-day moving average price is $13.10 and its 200-day moving average price is $11.93. The company has a market capitalization of $262.80 million, a price-to-earnings ratio of -21.50 and a beta of 0.38.

Perma-Fix Environmental Services (NASDAQ:PESI) last posted its quarterly earnings data on Monday, November 10th. The industrial products company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.02. The firm had revenue of $17.45 million for the quarter, compared to the consensus estimate of $16.30 million. Perma-Fix Environmental Services had a negative return on equity of 19.45% and a negative net margin of 19.15%.

Institutional Investors Weigh In On Perma-Fix Environmental Services

A number of institutional investors and hedge funds have recently modified their holdings of PESI. BNP Paribas Financial Markets boosted its stake in Perma-Fix Environmental Services by 102.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,350 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 1,699 shares during the last quarter. North Star Investment Management Corp. acquired a new stake in Perma-Fix Environmental Services during the 3rd quarter worth $44,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Perma-Fix Environmental Services by 18.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,849 shares of the industrial products company’s stock worth $72,000 after acquiring an additional 1,515 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in Perma-Fix Environmental Services in the first quarter valued at about $77,000. Finally, Rhumbline Advisers increased its holdings in shares of Perma-Fix Environmental Services by 18.4% in the first quarter. Rhumbline Advisers now owns 17,204 shares of the industrial products company’s stock worth $125,000 after acquiring an additional 2,671 shares in the last quarter. 25.52% of the stock is owned by institutional investors.

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.