Perma-Fix Environmental Services (NASDAQ:PESI) Stock Crosses Above 200-Day Moving Average – What’s Next?

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.12 and traded as high as $12.52. Perma-Fix Environmental Services shares last traded at $12.19, with a volume of 179,066 shares.

Wall Street Analysts Forecast Growth

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

Perma-Fix Environmental Services Trading Up 1.8%

The company has a quick ratio of 1.97, a current ratio of 2.04 and a debt-to-equity ratio of 0.03. The business’s fifty day moving average is $11.60 and its 200-day moving average is $11.15. The stock has a market capitalization of $224.99 million, a PE ratio of -10.75 and a beta of 0.24.

Perma-Fix Environmental Services (NASDAQ:PESI) last posted its quarterly earnings results on Monday, November 10th. The industrial products company reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.02. Perma-Fix Environmental Services had a negative net margin of 31.25% and a negative return on equity of 21.73%. The company had revenue of $17.45 million for the quarter, compared to the consensus estimate of $16.30 million.

Institutional Investors Weigh In On Perma-Fix Environmental Services

A number of institutional investors have recently added to or reduced their stakes in the company. Fermata Advisors LLC raised its position in Perma-Fix Environmental Services by 6.1% in the second quarter. Fermata Advisors LLC now owns 16,309 shares of the industrial products company’s stock valued at $172,000 after purchasing an additional 940 shares during the period. ARS Investment Partners LLC boosted its position in shares of Perma-Fix Environmental Services by 1.2% in the second quarter. ARS Investment Partners LLC now owns 84,225 shares of the industrial products company’s stock worth $886,000 after buying an additional 986 shares during the period. Corebridge Financial Inc. boosted its position in shares of Perma-Fix Environmental Services by 14.7% in the first quarter. Corebridge Financial Inc. now owns 8,284 shares of the industrial products company’s stock worth $60,000 after buying an additional 1,061 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Perma-Fix Environmental Services by 18.2% in 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 buying an additional 1,515 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of Perma-Fix Environmental Services by 102.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,350 shares of the industrial products company’s stock valued at $34,000 after buying an additional 1,699 shares during the period. Hedge funds and other institutional investors own 25.52% of the company’s stock.

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.