Perma-Fix Environmental Services (NASDAQ:PESI) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $12.70 and traded as high as $13.50. Perma-Fix Environmental Services shares last traded at $13.00, with a volume of 162,916 shares trading hands.

Wall Street Analysts Forecast Growth

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

Perma-Fix Environmental Services Price Performance

The company has a 50 day moving average of $14.14 and a 200 day moving average of $12.70. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.72 and a current ratio of 1.77. The stock has a market capitalization of $240.76 million, a price-to-earnings ratio of -19.70 and a beta of 0.39.

Institutional Trading of Perma-Fix Environmental Services

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Perma-Fix Environmental Services by 2.3% in the third quarter. Vanguard Group Inc. now owns 935,942 shares of the industrial products company’s stock valued at $9,453,000 after acquiring an additional 21,335 shares in the last quarter. Mak Capital One LLC raised its holdings in shares of Perma-Fix Environmental Services by 12.6% in the 4th quarter. Mak Capital One LLC now owns 918,673 shares of the industrial products company’s stock valued at $11,566,000 after purchasing an additional 103,097 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Perma-Fix Environmental Services by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 422,890 shares of the industrial products company’s stock worth $5,325,000 after purchasing an additional 1,655 shares during the last quarter. Diamond Hill Capital Management Inc. grew its stake in shares of Perma-Fix Environmental Services by 1.8% during the third quarter. Diamond Hill Capital Management Inc. now owns 401,559 shares of the industrial products company’s stock worth $4,056,000 after purchasing an additional 7,143 shares in the last quarter. Finally, Potomac Capital Management Inc. purchased a new position in Perma-Fix Environmental Services in the fourth quarter valued at $4,303,000. 25.52% of the stock is currently owned by hedge funds and other institutional investors.

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.