Perma-Fix Environmental Services (NASDAQ:PESI) Issues Quarterly Earnings Results

Perma-Fix Environmental Services (NASDAQ:PESI) issued its quarterly earnings results on Wednesday. The industrial products company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.31) by ($0.01), Zacks reports. Perma-Fix Environmental Services had a negative return on equity of 28.55% and a negative net margin of 30.06%.The business had revenue of $12.89 million for the quarter, compared to analysts’ expectations of $12.90 million.

Perma-Fix Environmental Services Price Performance

Shares of NASDAQ PESI traded up $1.98 during midday trading on Wednesday, reaching $19.43. The stock had a trading volume of 1,893,580 shares, compared to its average volume of 267,016. The company has a market capitalization of $411.92 million, a price-to-earnings ratio of -20.24 and a beta of 0.46. Perma-Fix Environmental Services has a 12-month low of $8.02 and a 12-month high of $21.32. The stock has a 50-day moving average of $13.89 and a 200-day moving average of $12.99. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.17 and a current ratio of 1.25.

Analysts Set New Price Targets

PESI has been the subject of several analyst reports. Weiss Ratings upgraded 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 downgraded Perma-Fix Environmental Services from a “sell” rating to a “strong sell” rating in a research report on Sunday, May 17th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Perma-Fix Environmental Services

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets lifted its position in shares of 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 acquiring an additional 1,699 shares in the last quarter. 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 worth $72,000 after purchasing an additional 1,515 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in Perma-Fix Environmental Services during the 1st quarter valued at approximately $77,000. MetLife Investment Management LLC lifted its holdings in Perma-Fix Environmental Services by 171.6% in 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. Finally, Rhumbline Advisers lifted its holdings in Perma-Fix Environmental Services by 18.4% in the 1st quarter. Rhumbline Advisers now owns 17,204 shares of the industrial products company’s stock worth $125,000 after purchasing an additional 2,671 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.