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

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.57 and traded as high as $15.20. Perma-Fix Environmental Services shares last traded at $14.83, with a volume of 611,784 shares changing hands.

Analyst Upgrades and Downgrades

PESI has been the topic of a number of research analyst reports. 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 analyst has rated the stock with a Sell rating, According to MarketBeat.com, Perma-Fix Environmental Services presently has an average rating of “Sell”.

Perma-Fix Environmental Services Stock Up 3.4%

The stock has a market capitalization of $314.40 million, a price-to-earnings ratio of -15.45 and a beta of 0.45. The business’s 50-day moving average is $11.20 and its two-hundred day moving average is $12.57. The company has a quick ratio of 1.17, a current ratio of 1.25 and a debt-to-equity ratio of 0.04.

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

Institutional Investors Weigh In On Perma-Fix Environmental Services

Large investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Perma-Fix Environmental Services by 18.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,849 shares of the industrial products company’s stock worth $72,000 after buying an additional 1,515 shares during the last quarter. Bank of America Corp DE raised its position in shares of Perma-Fix Environmental Services by 3.5% during the 1st quarter. Bank of America Corp DE now owns 45,190 shares of the industrial products company’s stock valued at $483,000 after buying an additional 1,524 shares during the period. Geode Capital Management LLC lifted its holdings in Perma-Fix Environmental Services by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 422,890 shares of the industrial products company’s stock valued at $5,325,000 after acquiring an additional 1,655 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in Perma-Fix Environmental Services by 102.9% in the third 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. Finally, Barclays PLC grew its position in Perma-Fix Environmental Services by 10.7% in the fourth quarter. Barclays PLC now owns 26,981 shares of the industrial products company’s stock worth $340,000 after acquiring an additional 2,612 shares during the period. 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.