Perma-Fix Environmental Services (NASDAQ:PESI) Stock Rating Lowered by Wall Street Zen

Perma-Fix Environmental Services (NASDAQ:PESI) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Perma-Fix Environmental Services in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Perma-Fix Environmental Services Stock Performance

Shares of NASDAQ:PESI opened at $11.00 on Friday. The company’s 50 day simple moving average is $12.40 and its 200 day simple moving average is $13.28. The stock has a market capitalization of $204.27 million, a price-to-earnings ratio of -11.46 and a beta of 0.61. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.25 and a quick ratio of 1.17. Perma-Fix Environmental Services has a 1 year low of $8.02 and a 1 year high of $16.50.

Perma-Fix Environmental Services (NASDAQ:PESI) last announced its quarterly earnings data on Wednesday, May 6th. The industrial products company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.16). The firm had revenue of $11.13 million during the quarter, compared to the consensus estimate of $12.95 million. Perma-Fix Environmental Services had a negative net margin of 30.06% and a negative return on equity of 28.55%.

Institutional Trading of Perma-Fix Environmental Services

A number of hedge funds have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in 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. Geode Capital Management LLC boosted its position in Perma-Fix Environmental Services by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 422,890 shares of the industrial products company’s stock valued at $5,325,000 after buying an additional 1,655 shares in the last quarter. BNP Paribas Financial Markets boosted its position in Perma-Fix Environmental Services by 102.9% in the third 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 in the last quarter. Barclays PLC boosted its position in Perma-Fix Environmental Services by 10.7% in the fourth quarter. Barclays PLC now owns 26,981 shares of the industrial products company’s stock valued at $340,000 after buying an additional 2,612 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in Perma-Fix Environmental Services by 18.4% in the first 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 in the last quarter. Institutional investors and hedge funds own 25.52% of the company’s stock.

Perma-Fix Environmental Services Company Profile

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.