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

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 $12.52 and traded as high as $14.73. Perma-Fix Environmental Services shares last traded at $14.34, with a volume of 312,213 shares.

Analyst Ratings Changes

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

Perma-Fix Environmental Services Price Performance

The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.17 and a current ratio of 1.25. The company’s 50 day moving average price is $10.99 and its 200-day moving average price is $12.52. The company has a market cap of $304.01 million, a price-to-earnings ratio of -14.94 and a beta of 0.45.

Perma-Fix Environmental Services (NASDAQ:PESI) last issued its earnings results on Thursday, May 7th. The industrial products company reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.16). The business had revenue of $11.13 million for the quarter, compared to the consensus estimate 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%.

Hedge Funds Weigh In On Perma-Fix Environmental Services

Hedge funds have recently modified their holdings of the stock. Mak Capital One LLC raised its position in shares of Perma-Fix Environmental Services by 780.7% during the third quarter. Mak Capital One LLC now owns 815,576 shares of the industrial products company’s stock worth $8,237,000 after purchasing an additional 722,966 shares during the period. Potomac Capital Management Inc. acquired a new position in shares of Perma-Fix Environmental Services in the 4th quarter valued at $4,303,000. Rothschild Wealth LLC purchased a new position in Perma-Fix Environmental Services in the 4th quarter worth about $2,094,000. North Star Investment Management Corp. raised its holdings 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 worth $1,288,000 after buying an additional 116,132 shares during the period. Finally, Jane Street Group LLC raised its holdings in Perma-Fix Environmental Services by 147.8% during the 4th quarter. Jane Street Group LLC now owns 144,239 shares of the industrial products company’s stock worth $1,816,000 after buying an additional 86,038 shares during the period. 25.52% of the stock is currently owned by institutional investors and hedge funds.

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.