Perma-Fix Environmental Services (NASDAQ:PESI) Cut to “Strong Sell” at Wall Street Zen

Wall Street Zen cut shares of Perma-Fix Environmental Services (NASDAQ:PESI) from a sell rating to a strong sell rating in a research report released on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Perma-Fix Environmental Services in a research report on Tuesday, September 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Perma-Fix Environmental Services Stock Performance

Shares of PESI stock opened at $15.49 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.58 and a current ratio of 1.67. The company has a market capitalization of $328.67 million, a P/E ratio of -13.71 and a beta of 0.56. The company’s 50 day moving average price is $17.37 and its two-hundred day moving average price is $13.84. Perma-Fix Environmental Services has a 52 week low of $8.58 and a 52 week high of $21.32.

Perma-Fix Environmental Services (NASDAQ:PESI) last announced its quarterly earnings results on Wednesday, August 12th. The industrial products company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.01). The company had revenue of $12.89 million during the quarter, compared to the consensus estimate of $12.90 million. Perma-Fix Environmental Services had a negative net margin of 37.04% and a negative return on equity of 35.46%. On average, analysts expect that Perma-Fix Environmental Services will post -1.02 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Perma-Fix Environmental Services

Institutional investors have recently bought and sold shares of the company. Bank of America Corp DE boosted its stake in Perma-Fix Environmental Services by 3.5% in the first 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 in the last quarter. Capital Advisors Ltd. LLC bought a new position in Perma-Fix Environmental Services in the first quarter valued at about $53,000. Pale Fire Capital SE raised its stake in Perma-Fix Environmental Services by 12.5% during the first quarter. Pale Fire Capital SE now owns 48,626 shares of the industrial products company’s stock worth $520,000 after acquiring an additional 5,406 shares in the last quarter. Corsair Capital Management L.P. lifted its holdings in shares of Perma-Fix Environmental Services by 73.9% in the first quarter. Corsair Capital Management L.P. now owns 37,649 shares of the industrial products company’s stock worth $402,000 after acquiring an additional 16,000 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Perma-Fix Environmental Services in the 2nd quarter valued at approximately $544,000. Institutional investors own 25.52% of the company’s stock.

About Perma-Fix Environmental Services

Perma-Fix Environmental Services, Inc (NASDAQ:PESI) provides nuclear and industrial waste management services. The company treats and processes radioactive, mixed, hazardous, and other difficult-to-manage waste streams for government and commercial customers, with an emphasis on reducing waste volume and preparing materials for compliant disposal.

Its services include waste treatment, stabilization, remediation, waste characterization, decontamination, engineering, consulting, and project management.