Perma-Fix Environmental Services (NASDAQ:PESI) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Perma-Fix Environmental Services from “strong sell” to “sell,” while Weiss Ratings also revised its rating; the overall analyst consensus remains “Sell.”
• PESI shares were trading at $18.77, up 2.8%, with a market capitalization of approximately $398 million and a 52-week range of $8.14 to $21.32.
• The company reported a quarterly loss of $0.32 per share, narrowly missing estimates, while revenue of $12.89 million was essentially in line with expectations; institutional investors own 25.52% of the stock.

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

Separately, Weiss Ratings upgraded shares of Perma-Fix Environmental Services from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Thursday, June 25th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Sell".

Perma-Fix Environmental Services Trading Up 2.8%

NASDAQ:PESI opened at $18.77 on Friday. Perma-Fix Environmental Services has a 52-week low of $8.14 and a 52-week high of $21.32. The company has a quick ratio of 1.58, a current ratio of 1.67 and a debt-to-equity ratio of 0.05. The stock has a fifty day simple moving average of $16.98 and a 200-day simple moving average of $13.50. The company has a market capitalization of $398.30 million, a PE ratio of -16.61 and a beta of 0.47.

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

Institutional Investors Weigh In On Perma-Fix Environmental Services

Hedge funds have recently modified their holdings of the company. California State Teachers Retirement System grew its holdings in shares of Perma-Fix Environmental Services by 270.9% during the second quarter. California State Teachers Retirement System now owns 3,472 shares of the industrial products company's stock worth $50,000 after buying an additional 2,536 shares in the last quarter. Pale Fire Capital SE boosted its position in Perma-Fix Environmental Services by 14.4% during the second quarter. Pale Fire Capital SE now owns 55,627 shares of the industrial products company's stock worth $795,000 after acquiring an additional 7,001 shares during the last quarter. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in Perma-Fix Environmental Services during the second quarter worth approximately $9,182,000. Bank of New York Mellon Corp purchased a new stake in Perma-Fix Environmental Services in the 2nd quarter worth approximately $544,000. Finally, Bank of America Corp DE grew its stake in Perma-Fix Environmental Services by 3.5% in the 1st quarter. Bank of America Corp DE now owns 45,190 shares of the industrial products company's stock worth $483,000 after acquiring an additional 1,524 shares during the period. 25.52% of the stock is owned by institutional investors and hedge funds.

About Perma-Fix Environmental Services

Perma-Fix Environmental Services, Inc NASDAQ: PESI is a specialized provider of environmental and nuclear waste management solutions. The company offers a comprehensive suite of services, including treatment, recycling, processing, volume reduction and disposal of hazardous, radioactive and mixed wastes. Its capabilities span thermal, chemical and physical treatment technologies, supported by a network of licensed facilities designed to handle complex waste streams.

Founded in 1994 and headquartered in Atlanta, Georgia, Perma-Fix has grown both organically and through strategic acquisitions.

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