Perma-Fix Environmental Services (NASDAQ:PESI) Shares Cross Above 200 Day Moving Average – Should You Sell?
by Renee Jackson · The Cerbat GemPerma-Fix Environmental Services, Inc. (NASDAQ:PESI – Get Free Report)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.78 and traded as high as $12.91. Perma-Fix Environmental Services shares last traded at $12.59, with a volume of 69,329 shares changing hands.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Perma-Fix Environmental Services in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.
View Our Latest Research Report on PESI
Perma-Fix Environmental Services Trading Down 2.9%
The firm has a market capitalization of $233.17 million, a price-to-earnings ratio of -19.08 and a beta of 0.38. The business’s fifty day moving average is $13.15 and its 200 day moving average is $11.78. The company has a quick ratio of 1.72, a current ratio of 1.77 and a debt-to-equity ratio of 0.03.
Perma-Fix Environmental Services (NASDAQ:PESI – Get Free Report) last announced its 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 19.15% and a negative return on equity of 19.45%. The firm had revenue of $17.45 million during the quarter, compared to analyst estimates of $16.30 million.
Institutional Investors Weigh In On Perma-Fix Environmental Services
A number of hedge funds and other institutional investors have recently bought and sold shares of PESI. Verition Fund Management LLC acquired a new position in Perma-Fix Environmental Services during the 3rd quarter worth approximately $146,000. Mak Capital One LLC boosted its holdings in Perma-Fix Environmental Services by 780.7% during the third quarter. Mak Capital One LLC now owns 815,576 shares of the industrial products company’s stock worth $8,237,000 after purchasing an additional 722,966 shares during the last quarter. Bank of America Corp DE grew its position in Perma-Fix Environmental Services by 431.9% in the third quarter. Bank of America Corp DE now owns 47,739 shares of the industrial products company’s stock valued at $482,000 after purchasing an additional 38,764 shares in the last quarter. BNP Paribas Financial Markets grew 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 purchasing an additional 1,699 shares in the last quarter. Finally, Van ECK Associates Corp increased its stake in Perma-Fix Environmental Services by 27.5% in the 3rd quarter. Van ECK Associates Corp now owns 220,289 shares of the industrial products company’s stock valued at $2,225,000 after buying an additional 47,492 shares during the last quarter. Institutional investors and hedge funds own 25.52% of the company’s stock.
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.