Perma-Fix Environmental Services (NASDAQ:PESI) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.11 and traded as high as $14.86. Perma-Fix Environmental Services shares last traded at $14.82, with a volume of 200,251 shares changing hands.

Analysts Set New Price Targets

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

Perma-Fix Environmental Services Stock Performance

The stock has a market cap of $253.88 million, a P/E ratio of -20.77 and a beta of 0.38. The company has a fifty day moving average of $13.23 and a 200 day moving average of $12.13. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.77 and a quick ratio of 1.72.

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

Institutional Investors Weigh In On Perma-Fix Environmental Services

Hedge funds and other institutional investors have recently bought and sold shares of the business. Verition Fund Management LLC acquired a new stake in Perma-Fix Environmental Services in the 3rd quarter valued at about $146,000. Mak Capital One LLC raised its holdings in shares of Perma-Fix Environmental Services by 780.7% in the 3rd 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 in the last quarter. Bank of America Corp DE raised its holdings in shares of Perma-Fix Environmental Services by 431.9% in the 3rd quarter. Bank of America Corp DE now owns 47,739 shares of the industrial products company’s stock worth $482,000 after purchasing an additional 38,764 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in Perma-Fix Environmental Services by 102.9% during the third quarter. BNP Paribas Financial Markets now owns 3,350 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 1,699 shares during the last quarter. Finally, Van ECK Associates Corp boosted its holdings in Perma-Fix Environmental Services by 27.5% during the third quarter. Van ECK Associates Corp now owns 220,289 shares of the industrial products company’s stock worth $2,225,000 after buying an additional 47,492 shares in the last quarter. 25.52% of the stock is currently 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.