Perma-Fix Environmental Services (NASDAQ:PESI) Rating Lowered to "Strong Sell" at Wall Street Zen

Key Points

• Wall Street Zen downgraded Perma-Fix Environmental Services to “strong sell” from “sell.” Weiss Ratings also maintained a “sell (d-)” rating, while the analyst consensus remains “Sell.”
• PESI opened at $15.56, with a market capitalization of about $330.2 million and a 52-week trading range of $8.58 to $21.32. The company reported a quarterly loss of $0.32 per share, slightly missing estimates, and revenue of $12.89 million.
• Institutional investors and hedge funds own approximately 25.5% of the company; several funds recently initiated or increased positions, including Diamond Hill Capital Management, which purchased a stake valued at about $9.2 million.

Perma-Fix Environmental Services (NASDAQ:PESI - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "strong sell" rating in a research report issued on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Perma-Fix Environmental Services in a research note on Tuesday, September 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Perma-Fix Environmental Services presently has a consensus rating of "Sell".

Perma-Fix Environmental Services Trading Up 1.0%

NASDAQ:PESI opened at $15.56 on Friday. The company has a market capitalization of $330.15 million, a P/E ratio of -13.77 and a beta of 0.56. The stock's 50 day moving average price is $17.38 and its 200 day moving average price is $13.82. 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 has a 52 week low of $8.58 and a 52 week high of $21.32.

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

Hedge Funds Weigh In On Perma-Fix Environmental Services

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in shares of Perma-Fix Environmental Services during the 2nd quarter worth $9,182,000. Potomac Capital Management Inc. acquired a new position in Perma-Fix Environmental Services in the 4th quarter valued at $4,303,000. Rothschild Wealth LLC bought a new position in Perma-Fix Environmental Services in the 4th quarter worth $2,094,000. North Star Investment Management Corp. raised its holdings in Perma-Fix Environmental Services by 2,639.4% in the 1st quarter. North Star Investment Management Corp. now owns 120,532 shares of the industrial products company's stock worth $1,288,000 after acquiring an additional 116,132 shares during the period. Finally, MYDA Advisors LLC raised its holdings in Perma-Fix Environmental Services by 100.0% in the 4th quarter. MYDA Advisors LLC now owns 100,000 shares of the industrial products company's stock worth $1,259,000 after acquiring an additional 50,000 shares during the period. Institutional investors and hedge funds own 25.52% of the company's stock.

Perma-Fix Environmental Services Company Profile

Perma-Fix Environmental Services, Inc is an environmental services company that specializes in the treatment, processing and disposal of nuclear and other hazardous waste. The company provides solutions for radioactive, mixed and chemically hazardous waste streams, helping customers manage materials that require specialized handling, treatment and regulatory compliance.

Its services include waste characterization, transportation coordination, treatment, stabilization, decontamination and disposal.

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