Perma-Fix Environmental Services (NASDAQ:PESI) Share Price Passes Above 200 Day Moving Average – Here’s Why

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.60 and traded as high as $15.10. Perma-Fix Environmental Services shares last traded at $14.84, with a volume of 84,690 shares traded.

Analyst Upgrades and Downgrades

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

Perma-Fix Environmental Services Trading Down 2.3%

The company has a 50-day moving average price of $14.20 and a two-hundred day moving average price of $12.62. The stock has a market cap of $268.51 million, a P/E ratio of -21.97 and a beta of 0.39. The company has a current ratio of 1.77, a quick ratio of 1.72 and a debt-to-equity ratio of 0.03.

Institutional Investors Weigh In On Perma-Fix Environmental Services

A number of hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets raised its holdings in shares of Perma-Fix Environmental Services by 102.9% during 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. Rhumbline Advisers increased its position in shares of Perma-Fix Environmental Services by 18.4% during the first quarter. Rhumbline Advisers now owns 17,204 shares of the industrial products company’s stock worth $125,000 after purchasing an additional 2,671 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Perma-Fix Environmental Services by 18.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,849 shares of the industrial products company’s stock valued at $72,000 after purchasing an additional 1,515 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in Perma-Fix Environmental Services in the 1st quarter valued at $77,000. Finally, Guidance Capital Inc. acquired a new stake in Perma-Fix Environmental Services during the 3rd quarter worth $175,000. 25.52% of the stock is currently owned by hedge funds and other institutional investors.

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.