Perma-Fix Environmental Services (NASDAQ:PESI) Posts Earnings Results, Beats Expectations By $0.02 EPS

Perma-Fix Environmental Services (NASDAQ:PESI) issued its earnings results on Monday. The industrial products company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.02, Zacks reports. Perma-Fix Environmental Services had a negative return on equity of 21.73% and a negative net margin of 31.25%.The business had revenue of $17.45 million for the quarter, compared to analyst estimates of $16.30 million.

Perma-Fix Environmental Services Stock Up 3.0%

Shares of PESI stock traded up $0.45 on Tuesday, hitting $15.41. The stock had a trading volume of 592,938 shares, compared to its average volume of 176,719. The stock’s 50 day moving average is $11.37 and its 200-day moving average is $10.94. The firm has a market capitalization of $284.62 million, a price-to-earnings ratio of -13.64 and a beta of 0.25. Perma-Fix Environmental Services has a 52-week low of $6.25 and a 52-week high of $16.50. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.97 and a current ratio of 2.04.

Hedge Funds Weigh In On Perma-Fix Environmental Services

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Perma-Fix Environmental Services by 18.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,849 shares of the industrial products company’s stock valued at $72,000 after acquiring an additional 1,515 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Perma-Fix Environmental Services during the 1st quarter worth approximately $77,000. Rhumbline Advisers boosted its stake in shares of Perma-Fix Environmental Services by 18.4% during the 1st quarter. Rhumbline Advisers now owns 17,204 shares of the industrial products company’s stock valued at $125,000 after buying an additional 2,671 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Perma-Fix Environmental Services during the second quarter worth approximately $194,000. Finally, XTX Topco Ltd bought a new stake in shares of Perma-Fix Environmental Services in the second quarter worth $199,000. 25.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Perma-Fix Environmental Services in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Perma-Fix Environmental Services presently has a consensus rating of “Sell”.

About Perma-Fix Environmental Services

Perma-Fix Environmental Services, Inc, through its subsidiaries, operates as an environmental and technology know-how company in the United States. The company through Treatment and Services segments. The Treatment segment offers nuclear, low-level radioactive, mixed waste, hazardous and non-hazardous waste treatment, and processing and disposal services through treatment and storage facilities.