Perma-Fix Environmental Services (NASDAQ:PESI) Stock Rating Upgraded by Wall Street Zen

Perma-Fix Environmental Services (NASDAQ:PESI) was upgraded by investment analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a report issued on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings raised shares of Perma-Fix Environmental Services from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, June 25th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Perma-Fix Environmental Services has a consensus rating of “Sell”.

Perma-Fix Environmental Services Stock Performance

Shares of Perma-Fix Environmental Services stock opened at $18.77 on Friday. The firm has a market cap of $398.30 million, a price-to-earnings ratio of -16.61 and a beta of 0.47. The stock’s 50-day moving average is $16.98 and its 200-day moving average is $13.50. Perma-Fix Environmental Services has a one year low of $8.14 and a one year high of $21.32. 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 posted its quarterly earnings data on Wednesday, August 12th. The industrial products company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.01). The firm had revenue of $12.89 million for the quarter, compared to the consensus estimate of $12.90 million. Perma-Fix Environmental Services had a negative return on equity of 35.46% and a negative net margin of 37.04%.

Institutional Trading of Perma-Fix Environmental Services

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Cubist Systematic Strategies LLC bought a new stake in Perma-Fix Environmental Services during the first quarter worth about $77,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Perma-Fix Environmental Services by 18.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,849 shares of the industrial products company’s stock valued at $72,000 after purchasing an additional 1,515 shares in the last quarter. Rhumbline Advisers grew its stake in 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 valued at $125,000 after purchasing an additional 2,671 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Perma-Fix Environmental Services by 7.3% during the 2nd quarter. Geode Capital Management LLC now owns 421,959 shares of the industrial products company’s stock worth $4,440,000 after purchasing an additional 28,781 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of Perma-Fix Environmental Services during the 2nd quarter worth approximately $199,000. 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.