Perma-Fix Environmental Services (NASDAQ:PESI) Stock Price Crosses Above 200 Day Moving Average of $9.24

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.24 and traded as high as $11.08. Perma-Fix Environmental Services shares last traded at $10.94, with a volume of 369,318 shares changing hands.

Wall Street Analysts Forecast Growth

PESI has been the subject of several analyst reports. TheStreet upgraded shares of Perma-Fix Environmental Services from a “d+” rating to a “c-” rating in a research report on Thursday, February 22nd. StockNews.com lowered shares of Perma-Fix Environmental Services from a “buy” rating to a “hold” rating in a report on Tuesday, May 14th.

Perma-Fix Environmental Services Stock Down 4.8 %

The company has a market capitalization of $150.21 million, a P/E ratio of -54.70 and a beta of 0.50. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.97 and a current ratio of 1.01. The firm’s fifty day moving average is $11.53 and its 200-day moving average is $9.24.

Perma-Fix Environmental Services (NASDAQ:PESI) last announced its quarterly earnings results on Thursday, May 9th. The industrial products company reported ($0.25) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.25). The company had revenue of $13.62 million for the quarter, compared to analyst estimates of $16.40 million. Perma-Fix Environmental Services had a negative net margin of 3.20% and a negative return on equity of 5.82%. During the same period in the previous year, the firm posted ($0.02) EPS. As a group, equities research analysts predict that Perma-Fix Environmental Services, Inc. will post -0.11 EPS for the current year.

Institutional Investors Weigh In On Perma-Fix Environmental Services

A number of institutional investors have recently added to or reduced their stakes in the business. Essex Investment Management Co. LLC grew its holdings in Perma-Fix Environmental Services by 1.6% during the 1st quarter. Essex Investment Management Co. LLC now owns 189,450 shares of the industrial products company’s stock worth $2,253,000 after acquiring an additional 2,914 shares during the last quarter. Legato Capital Management LLC grew its holdings in Perma-Fix Environmental Services by 37.3% during the 4th quarter. Legato Capital Management LLC now owns 75,031 shares of the industrial products company’s stock worth $590,000 after acquiring an additional 20,396 shares during the last quarter. Citigroup Inc. bought a new stake in Perma-Fix Environmental Services during the 3rd quarter worth approximately $383,000. Quadrature Capital Ltd grew its holdings in Perma-Fix Environmental Services by 11.6% during the 4th quarter. Quadrature Capital Ltd now owns 34,029 shares of the industrial products company’s stock worth $267,000 after acquiring an additional 3,545 shares during the last quarter. Finally, Bailard Inc. bought a new stake in Perma-Fix Environmental Services during the 4th quarter worth approximately $249,000. 25.52% of the stock is owned by 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.