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

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.32 and traded as high as $14.07. Perma-Fix Environmental Services shares last traded at $13.97, with a volume of 193,151 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Perma-Fix Environmental Services in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Perma-Fix Environmental Services Stock Down 1.0%

The company has a current ratio of 2.04, a quick ratio of 1.97 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $258.03 million, a PE ratio of -12.36 and a beta of 0.24. The stock’s fifty day simple moving average is $10.89 and its 200-day simple moving average is $10.32.

Perma-Fix Environmental Services (NASDAQ:PESI) last announced its earnings results on Thursday, August 7th. The industrial products company reported ($0.14) EPS for the quarter, meeting the consensus estimate of ($0.14). The company had revenue of $14.59 million during the quarter, compared to the consensus estimate of $16.40 million. Perma-Fix Environmental Services had a negative net margin of 31.25% and a negative return on equity of 21.73%.

Institutional Trading of Perma-Fix Environmental Services

Several institutional investors and hedge funds have recently modified their holdings of PESI. Prescott Group Capital Management L.L.C. boosted its stake in Perma-Fix Environmental Services by 4.0% in the first quarter. Prescott Group Capital Management L.L.C. now owns 777,142 shares of the industrial products company’s stock worth $5,650,000 after buying an additional 30,200 shares in the last quarter. Heartland Advisors Inc. boosted its stake in shares of Perma-Fix Environmental Services by 13.9% in the 1st quarter. Heartland Advisors Inc. now owns 455,400 shares of the industrial products company’s stock valued at $3,311,000 after purchasing an additional 55,400 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Perma-Fix Environmental Services by 7.3% during the 2nd quarter. Geode Capital Management LLC now owns 421,959 shares of the industrial products company’s stock valued at $4,440,000 after purchasing an additional 28,781 shares during the last quarter. Diamond Hill Capital Management Inc. grew its holdings in shares of Perma-Fix Environmental Services by 32.1% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 416,662 shares of the industrial products company’s stock valued at $3,029,000 after purchasing an additional 101,145 shares during the last quarter. Finally, Ancora Advisors LLC raised its position in Perma-Fix Environmental Services by 92.8% in the 1st quarter. Ancora Advisors LLC now owns 157,845 shares of the industrial products company’s stock worth $1,148,000 after purchasing an additional 75,967 shares during the period. 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, through its subsidiaries, operates as an environmental and technology know-how company in the United States. The company through Treatment and Services segments. The Treatment segment offers nuclear, low-level radioactive, mixed waste, hazardous and non-hazardous waste treatment, and processing and disposal services through treatment and storage facilities.