Perma-Fix Environmental Services (NASDAQ:PESI) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.77 and traded as high as $16.49. Perma-Fix Environmental Services shares last traded at $15.68, with a volume of 415,946 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PESI. Wall Street Zen downgraded shares of Perma-Fix Environmental Services from a “sell” rating to a “strong sell” rating in a research report on Sunday, May 17th. Weiss Ratings raised shares of Perma-Fix Environmental Services from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, June 25th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Perma-Fix Environmental Services has an average rating of “Sell”.

Perma-Fix Environmental Services Trading Down 1.9%

The company has a current ratio of 1.25, a quick ratio of 1.17 and a debt-to-equity ratio of 0.04. The company has a market cap of $332.42 million, a PE ratio of -16.33 and a beta of 0.45. The stock has a 50 day moving average price of $12.17 and a 200 day moving average price of $12.77.

Perma-Fix Environmental Services (NASDAQ:PESI) last issued its quarterly earnings results on Thursday, May 7th. The industrial products company reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.16). The firm had revenue of $11.13 million during the quarter, compared to analysts’ expectations of $12.95 million. Perma-Fix Environmental Services had a negative return on equity of 28.55% and a negative net margin of 30.06%.

Institutional Trading of Perma-Fix Environmental Services

A number of hedge funds have recently modified their holdings of PESI. Potomac Capital Management Inc. purchased a new stake in shares of Perma-Fix Environmental Services in the 4th quarter worth about $4,303,000. Rothschild Wealth LLC purchased a new position in Perma-Fix Environmental Services during the 4th quarter valued at about $2,094,000. North Star Investment Management Corp. lifted its position in Perma-Fix Environmental Services by 2,639.4% during the 1st quarter. North Star Investment Management Corp. now owns 120,532 shares of the industrial products company’s stock valued at $1,288,000 after acquiring an additional 116,132 shares during the period. Mak Capital One LLC boosted its stake in Perma-Fix Environmental Services by 12.6% during the fourth quarter. Mak Capital One LLC now owns 918,673 shares of the industrial products company’s stock worth $11,566,000 after acquiring an additional 103,097 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake in Perma-Fix Environmental Services by 147.8% during the fourth quarter. Jane Street Group LLC now owns 144,239 shares of the industrial products company’s stock worth $1,816,000 after acquiring an additional 86,038 shares in the last quarter. Institutional investors 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.