Wall Street Zen Downgrades Perma-Fix Environmental Services (NASDAQ:PESI) to Strong Sell

Perma-Fix Environmental Services (NASDAQ:PESI) was downgraded by analysts at Wall Street Zen from a “sell” rating to a “strong sell” rating in a report released on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Perma-Fix Environmental Services in a research report on Tuesday, September 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Perma-Fix Environmental Services Stock Performance

Shares of Perma-Fix Environmental Services stock opened at $15.56 on Friday. The company’s fifty day simple moving average is $17.38 and its 200-day simple moving average is $13.82. The stock has a market capitalization of $330.18 million, a PE ratio of -13.77 and a beta of 0.56. Perma-Fix Environmental Services has a 1-year low of $8.58 and a 1-year high of $21.32. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.67 and a quick ratio of 1.58.

Perma-Fix Environmental Services (NASDAQ:PESI) last posted its quarterly earnings data on Wednesday, August 12th. The industrial products company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.31) by ($0.01). Perma-Fix Environmental Services had a negative return on equity of 35.46% and a negative net margin of 37.04%.The company had revenue of $12.89 million during the quarter, compared to analysts’ expectations of $12.90 million. As a group, equities analysts anticipate that Perma-Fix Environmental Services will post -1.02 earnings per share for the current year.

Institutional Investors Weigh In On Perma-Fix Environmental Services

Institutional investors have recently bought and sold shares of the business. Bank of America Corp DE grew its position in shares of Perma-Fix Environmental Services by 3.5% during the first quarter. Bank of America Corp DE now owns 45,190 shares of the industrial products company’s stock worth $483,000 after purchasing an additional 1,524 shares in the last quarter. Capital Advisors Ltd. LLC bought a new stake in shares of Perma-Fix Environmental Services during the first quarter valued at approximately $53,000. Pale Fire Capital SE lifted its holdings in shares of Perma-Fix Environmental Services by 12.5% in the first quarter. Pale Fire Capital SE now owns 48,626 shares of the industrial products company’s stock worth $520,000 after buying an additional 5,406 shares in the last quarter. Corsair Capital Management L.P. boosted its position in shares of Perma-Fix Environmental Services by 73.9% during the first quarter. Corsair Capital Management L.P. now owns 37,649 shares of the industrial products company’s stock worth $402,000 after acquiring an additional 16,000 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of Perma-Fix Environmental Services during the second quarter worth $544,000. Hedge funds and other institutional investors own 25.52% of the company’s stock.

Perma-Fix Environmental Services Company Profile

Perma-Fix Environmental Services, Inc (NASDAQ:PESI) provides nuclear and industrial waste management services. The company treats and processes radioactive, mixed, hazardous, and other difficult-to-manage waste streams for government and commercial customers, with an emphasis on reducing waste volume and preparing materials for compliant disposal.

Its services include waste treatment, stabilization, remediation, waste characterization, decontamination, engineering, consulting, and project management.