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

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.92 and traded as high as $18.07. Perma-Fix Environmental Services shares last traded at $17.80, with a volume of 273,079 shares changing hands.

Wall Street Analyst Weigh In

PESI has been the subject of a number of analyst reports. Wall Street Zen cut shares of Perma-Fix Environmental Services from a “sell” rating to a “strong sell” rating in a research note on Sunday, May 17th. Weiss Ratings upgraded shares of Perma-Fix Environmental Services from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, June 25th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Perma-Fix Environmental Services presently has a consensus rating of “Sell”.

Perma-Fix Environmental Services Price Performance

The company has a debt-to-equity ratio of 0.04, a current ratio of 1.25 and a quick ratio of 1.17. The firm has a 50-day moving average of $13.58 and a 200-day moving average of $12.95. The stock has a market cap of $383.30 million, a PE ratio of -18.83 and a beta of 0.46.

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

Hedge Funds Weigh In On Perma-Fix Environmental Services

Several institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets lifted its stake in Perma-Fix Environmental Services by 102.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,350 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 1,699 shares in the last quarter. Capital Advisors Ltd. LLC purchased a new position in shares of Perma-Fix Environmental Services during the first quarter valued at about $53,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position 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 purchasing an additional 1,515 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Perma-Fix Environmental Services in the first quarter worth about $77,000. Finally, MetLife Investment Management LLC lifted its position in shares of Perma-Fix Environmental Services by 171.6% in the fourth quarter. MetLife Investment Management LLC now owns 9,154 shares of the industrial products company’s stock worth $115,000 after buying an additional 5,784 shares in the last quarter. 25.52% of the stock is 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.