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

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.24 and traded as high as $12.34. Perma-Fix Environmental Services shares last traded at $12.28, with a volume of 69,375 shares.

Analyst Upgrades and Downgrades

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

Perma-Fix Environmental Services Stock Up 2.5%

The business’s fifty day moving average price is $11.85 and its two-hundred day moving average price is $11.24. The firm has a market cap of $227.40 million, a P/E ratio of -10.87 and a beta of 0.25. The company has a current ratio of 2.04, a quick ratio of 1.97 and a debt-to-equity ratio of 0.03.

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. Perma-Fix Environmental Services had a negative net margin of 31.25% and a negative return on equity of 21.73%. The business had revenue of $17.45 million during the quarter, compared to the consensus estimate of $16.30 million.

Institutional Trading of Perma-Fix Environmental Services

Several institutional investors have recently modified their holdings of PESI. BNP Paribas Financial Markets raised its stake in shares of Perma-Fix Environmental Services by 102.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,350 shares of the industrial products company’s stock valued at $34,000 after buying an additional 1,699 shares in the last quarter. North Star Investment Management Corp. bought a new stake in Perma-Fix Environmental Services in the third quarter valued at about $44,000. Corebridge Financial Inc. increased its stake in Perma-Fix Environmental Services by 14.7% in the first quarter. Corebridge Financial Inc. now owns 8,284 shares of the industrial products company’s stock valued at $60,000 after acquiring an additional 1,061 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position 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 worth $72,000 after purchasing an additional 1,515 shares in the last quarter. Finally, Pale Fire Capital SE bought a new position in Perma-Fix Environmental Services during the first quarter worth about $73,000. Institutional investors and hedge funds own 25.52% of the company’s stock.

About Perma-Fix Environmental Services

Perma-Fix Environmental Services, Inc, through its subsidiaries, operates as an environmental and technology know-how company in the United States. The company through Treatment and Services segments. The Treatment segment offers nuclear, low-level radioactive, mixed waste, hazardous and non-hazardous waste treatment, and processing and disposal services through treatment and storage facilities.