Perma-Fix Environmental Services (NASDAQ:PESI) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Perma-Fix Environmental Services (NASDAQ:PESI) released its quarterly earnings results on Monday. The industrial products company reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.02, Zacks reports. Perma-Fix Environmental Services had a negative net margin of 31.25% and a negative return on equity of 21.73%.

Perma-Fix Environmental Services Price Performance

NASDAQ PESI traded up $0.56 during trading hours on Monday, hitting $13.43. The company had a trading volume of 10,530 shares, compared to its average volume of 172,589. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.97 and a current ratio of 2.04. The firm has a market capitalization of $247.96 million, a price-to-earnings ratio of -11.75 and a beta of 0.25. Perma-Fix Environmental Services has a 52 week low of $6.25 and a 52 week high of $15.57. The firm has a 50 day simple moving average of $11.30 and a 200 day simple moving average of $10.89.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Perma-Fix Environmental Services in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Perma-Fix Environmental Services currently has an average rating of “Sell”.

Institutional Investors Weigh In On Perma-Fix Environmental Services

A number of institutional investors and hedge funds have recently modified their holdings of PESI. Cubist Systematic Strategies LLC purchased a new position in Perma-Fix Environmental Services during the first quarter valued at approximately $77,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Perma-Fix Environmental Services by 18.2% in the 1st 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. Rhumbline Advisers boosted 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 valued at $125,000 after purchasing an additional 2,671 shares during the period. Geode Capital Management LLC grew its position 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 in the last quarter. Finally, XTX Topco Ltd bought a new position in shares of Perma-Fix Environmental Services in the second quarter worth $199,000. 25.52% of the stock is owned by hedge funds and other institutional investors.

About Perma-Fix Environmental Services

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.