Perma-Fix Environmental Services (NASDAQ:PESI) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

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 $12.77 and traded as high as $16.49. Perma-Fix Environmental Services shares last traded at $15.68, with a volume of 415,946 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PESI. Weiss Ratings raised shares of Perma-Fix Environmental Services from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, June 25th. Wall Street Zen lowered shares of Perma-Fix Environmental Services from a “sell” rating to a “strong sell” rating in a report on Sunday, May 17th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Perma-Fix Environmental Services currently has a consensus rating of “Sell”.

Perma-Fix Environmental Services Stock Down 4.6%

The firm has a market cap of $336.44 million, a price-to-earnings ratio of -16.53 and a beta of 0.45. The firm has a 50 day moving average of $12.33 and a 200 day moving average of $12.79. The company has a quick ratio of 1.17, a current ratio of 1.25 and a debt-to-equity ratio of 0.04.

Perma-Fix Environmental Services (NASDAQ:PESI) last issued its quarterly 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). The business had revenue of $11.13 million during the quarter, compared to analyst estimates 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 Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets grew its holdings 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 worth $34,000 after purchasing an additional 1,699 shares during the period. Capital Advisors Ltd. LLC acquired 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. raised its holdings 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 during the period. Cubist Systematic Strategies LLC bought a new position in shares of Perma-Fix Environmental Services during the 1st quarter worth about $77,000. Finally, MetLife Investment Management LLC boosted its position in shares of Perma-Fix Environmental Services by 171.6% during the 4th quarter. MetLife Investment Management LLC now owns 9,154 shares of the industrial products company’s stock worth $115,000 after purchasing an additional 5,784 shares in the last quarter. 25.52% of the stock is owned by 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.