Perma-Fix Environmental Services (NASDAQ:PESI) Stock Rating Raised to “Sell” at Wall Street Zen

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

A number of other equities analysts have also commented on the company. Zacks Research raised Perma-Fix Environmental Services to a “hold” rating in a research note on Friday, October 2nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Perma-Fix Environmental Services in a research report on Tuesday, September 22nd. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Perma-Fix Environmental Services has an average rating of “Reduce”.

Perma-Fix Environmental Services Stock Up 9.4%

Shares of PESI opened at $14.05 on Friday. The company has a market capitalization of $298.11 million, a PE ratio of -11.81 and a beta of 0.59. Perma-Fix Environmental Services has a 12 month low of $8.58 and a 12 month high of $21.32. The stock’s 50-day moving average price is $15.26 and its two-hundred day moving average price is $13.87. The company has a current ratio of 1.67, a quick ratio of 1.58 and a debt-to-equity ratio of 0.05.

Perma-Fix Environmental Services (NASDAQ:PESI) last issued its quarterly earnings results on Thursday, November 5th. The industrial products company reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.05. The company had revenue of $17.95 million during the quarter, compared to analysts’ expectations of $14.90 million. Perma-Fix Environmental Services had a negative return on equity of 39.57% and a negative net margin of 39.55%. On average, analysts anticipate that Perma-Fix Environmental Services will post -1.02 EPS for the current year.

Institutional Investors Weigh In On Perma-Fix Environmental Services

Large investors have recently added to or reduced their stakes in the business. Corsair Capital Management L.P. lifted its stake in 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 valued at $402,000 after buying an additional 16,000 shares during the period. Bank of America Corp DE grew 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 worth $483,000 after buying an additional 1,524 shares during the period. Pale Fire Capital SE increased its stake in shares of Perma-Fix Environmental Services by 12.5% in the 1st quarter. Pale Fire Capital SE now owns 48,626 shares of the industrial products company’s stock valued at $520,000 after acquiring an additional 5,406 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Perma-Fix Environmental Services in the 2nd quarter valued at $544,000. Finally, CenterBook Partners LP bought a new stake in shares of Perma-Fix Environmental Services in the 3rd quarter valued at $5,615,000. Institutional investors and hedge funds own 25.52% of the company’s stock.

About Perma-Fix Environmental Services

Perma-Fix Environmental Services, Inc provides treatment, processing and disposal services for radioactive, mixed and hazardous waste. The company serves customers that generate waste through nuclear energy production, government and defense programs, research, medical activities and other industrial operations.

Its services include the treatment of low-level radioactive waste and mixed waste, which contains both radioactive and hazardous components. Perma-Fix uses specialized technologies and licensed treatment facilities to process waste streams, reduce their volume or hazardous characteristics, and prepare them for compliant disposal.