Perma-Fix Environmental Services (NASDAQ:PESI) Shares Cross Above 200 Day Moving Average – Here’s What Happened

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.25 and traded as high as $18.36. Perma-Fix Environmental Services shares last traded at $17.84, with a volume of 245,471 shares changing hands.

Analysts Set New Price Targets

PESI has been the subject of several research analyst reports. Weiss Ratings raised shares of Perma-Fix Environmental Services from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, June 25th. Wall Street Zen downgraded Perma-Fix Environmental Services from a “sell” rating to a “strong sell” rating in a report on Sunday, May 17th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Perma-Fix Environmental Services Trading Up 1.9%

The firm has a market cap of $390.02 million, a PE ratio of -16.27 and a beta of 0.47. The stock has a 50-day simple moving average of $16.26 and a two-hundred day simple moving average of $13.28. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.58 and a current ratio of 1.67.

Perma-Fix Environmental Services (NASDAQ:PESI) last posted its earnings results on Wednesday, August 12th. The industrial products company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.01). Perma-Fix Environmental Services had a negative net margin of 37.04% and a negative return on equity of 35.46%. The firm had revenue of $12.89 million during the quarter, compared to the consensus estimate of $12.90 million.

Hedge Funds Weigh In On Perma-Fix Environmental Services

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PESI. Vanguard Group Inc. lifted its stake in Perma-Fix Environmental Services by 2.3% in the third quarter. Vanguard Group Inc. now owns 935,942 shares of the industrial products company’s stock worth $9,453,000 after purchasing an additional 21,335 shares during the last quarter. Mak Capital One LLC grew its position in shares of Perma-Fix Environmental Services by 12.6% during the 4th quarter. Mak Capital One LLC now owns 918,673 shares of the industrial products company’s stock worth $11,566,000 after buying an additional 103,097 shares in the last quarter. Diamond Hill Capital Management LLC Investment Advisor bought a new position in Perma-Fix Environmental Services during the 2nd quarter worth about $9,182,000. Geode Capital Management LLC increased its holdings in Perma-Fix Environmental Services by 0.4% during 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 during the period. Finally, Potomac Capital Management Inc. purchased a new position in shares of Perma-Fix Environmental Services in the 4th quarter valued at $4,303,000. 25.52% of the stock is owned by institutional investors.

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.