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

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $12.41 and traded as high as $15.87. Perma-Fix Environmental Services shares last traded at $15.13, with a volume of 148,648 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Perma-Fix Environmental Services in a research report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Perma-Fix Environmental Services presently has a consensus rating of “Sell”.

Perma-Fix Environmental Services Stock Performance

The stock has a market cap of $280.21 million, a price-to-earnings ratio of -22.92 and a beta of 0.39. The firm’s 50-day moving average is $13.86 and its two-hundred day moving average is $12.41. The company has a current ratio of 1.77, a quick ratio of 1.72 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) EPS for the quarter, topping the consensus estimate 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 company had revenue of $17.45 million during the quarter, compared to analyst estimates of $16.30 million.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quent Capital LLC acquired a new stake in Perma-Fix Environmental Services during the 4th quarter worth $204,000. Brookwood Investment Group LLC lifted its stake in shares of Perma-Fix Environmental Services by 39.7% in the fourth quarter. Brookwood Investment Group LLC now owns 20,873 shares of the industrial products company’s stock worth $263,000 after buying an additional 5,930 shares in the last quarter. Verition Fund Management LLC acquired a new position in Perma-Fix Environmental Services during the third quarter worth about $146,000. Mak Capital One LLC grew its stake in Perma-Fix Environmental Services by 780.7% during the 3rd quarter. Mak Capital One LLC now owns 815,576 shares of the industrial products company’s stock valued at $8,237,000 after acquiring an additional 722,966 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in Perma-Fix Environmental Services by 431.9% during the 3rd quarter. Bank of America Corp DE now owns 47,739 shares of the industrial products company’s stock valued at $482,000 after acquiring an additional 38,764 shares in the last quarter. Hedge funds and other institutional investors own 25.52% of the company’s stock.

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.