Perma-Fix Environmental Services (NASDAQ:PESI) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.25 and traded as high as $15.38. Perma-Fix Environmental Services shares last traded at $15.33, with a volume of 135,321 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Perma-Fix Environmental Services in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Perma-Fix Environmental Services Stock Performance

The company has a fifty day moving average price of $13.45 and a two-hundred day moving average price of $12.25. The firm has a market cap of $283.91 million, a price-to-earnings ratio of -23.23 and a beta of 0.38. 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) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.02. Perma-Fix Environmental Services had a negative net margin of 19.15% and a negative return on equity of 19.45%. The firm had revenue of $17.45 million for the quarter, compared to analysts’ expectations of $16.30 million.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets lifted its position in shares of 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 valued at $34,000 after acquiring an additional 1,699 shares during the last quarter. North Star Investment Management Corp. acquired a new stake in shares of Perma-Fix Environmental Services during the third quarter worth $44,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of 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 valued at $72,000 after purchasing an additional 1,515 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Perma-Fix Environmental Services in the 1st quarter valued at $77,000. Finally, Rhumbline Advisers boosted its position in shares of Perma-Fix Environmental Services by 18.4% in the 1st 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 during the period. 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.