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

Shares of Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.57 and traded as high as $15.20. Perma-Fix Environmental Services shares last traded at $14.83, with a volume of 611,784 shares.

Wall Street Analysts Forecast Growth

PESI has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of Perma-Fix Environmental Services from a “sell” rating to a “strong sell” rating in a research report on Sunday, May 17th. Weiss Ratings upgraded Perma-Fix Environmental Services from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, June 25th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Perma-Fix Environmental Services has a consensus rating of “Sell”.

Perma-Fix Environmental Services Stock Performance

The company has a quick ratio of 1.17, a current ratio of 1.25 and a debt-to-equity ratio of 0.04. The business has a 50 day simple moving average of $11.29 and a two-hundred day simple moving average of $12.59. The firm has a market cap of $374.58 million, a PE ratio of -18.38 and a beta of 0.45.

Perma-Fix Environmental Services (NASDAQ:PESI) last issued its earnings results on Thursday, May 7th. The industrial products company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.16). The company had revenue of $11.13 million for the quarter, compared to analysts’ expectations of $12.95 million. Perma-Fix Environmental Services had a negative net margin of 30.06% and a negative return on equity of 28.55%.

Hedge Funds Weigh In On Perma-Fix Environmental Services

A number of hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its position in shares of Perma-Fix Environmental Services by 3.5% during the first quarter. Bank of America Corp DE now owns 45,190 shares of the industrial products company’s stock worth $483,000 after acquiring an additional 1,524 shares during the period. Corsair Capital Management L.P. boosted its holdings in shares of Perma-Fix Environmental Services by 73.9% in the first quarter. Corsair Capital Management L.P. now owns 37,649 shares of the industrial products company’s stock valued at $402,000 after purchasing an additional 16,000 shares during the period. Pale Fire Capital SE boosted its holdings in shares of Perma-Fix Environmental Services by 12.5% in the first quarter. Pale Fire Capital SE now owns 48,626 shares of the industrial products company’s stock valued at $520,000 after purchasing an additional 5,406 shares during the period. North Star Investment Management Corp. grew its stake 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 worth $1,288,000 after purchasing an additional 116,132 shares in the last quarter. Finally, Capital Advisors Ltd. LLC bought a new position in Perma-Fix Environmental Services in the first quarter worth approximately $53,000. 25.52% of the stock is currently owned by institutional investors.

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.