Perma-Fix Environmental Services (NASDAQ:PESI) Upgraded to "Hold" at Wall Street Zen

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

A number of other equities research analysts have also recently issued reports on the company. Weiss Ratings restated a "sell (d-)" rating on shares of Perma-Fix Environmental Services in a report on Tuesday, September 22nd. Zacks Research upgraded Perma-Fix Environmental Services to a "hold" rating in a research note on Friday, October 2nd. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Reduce".

Perma-Fix Environmental Services Stock Performance

Shares of PESI stock traded down $0.69 during midday trading on Friday, hitting $14.88. 186,570 shares of the company were exchanged, compared to its average volume of 308,585. The firm has a market capitalization of $316.02 million, a P/E ratio of -12.50 and a beta of 0.59. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.58 and a current ratio of 1.35. The firm's 50 day moving average price is $15.00 and its two-hundred day moving average price is $13.89. 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 announced its quarterly earnings results on Thursday, November 5th. The industrial products company reported ($0.16) EPS for the quarter, beating analysts' consensus estimates of ($0.21) by $0.05. The business had revenue of $17.95 million for the quarter, compared to analyst estimates of $14.90 million. Perma-Fix Environmental Services had a negative net margin of 39.55% and a negative return on equity of 38.66%. As a group, equities research analysts anticipate that Perma-Fix Environmental Services will post -1.02 earnings per share for the current year.

Institutional Trading of Perma-Fix Environmental Services

Several hedge funds and other institutional investors have recently bought and sold shares of PESI. Bank of America Corp DE lifted its stake in shares of 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 valued at $483,000 after acquiring an additional 1,524 shares during the last quarter. Pale Fire Capital SE boosted its holdings in shares of Perma-Fix Environmental Services by 12.5% during the 1st quarter. Pale Fire Capital SE now owns 48,626 shares of the industrial products company's stock valued at $520,000 after acquiring an additional 5,406 shares in the last quarter. Corsair Capital Management L.P. boosted its holdings in shares of Perma-Fix Environmental Services by 73.9% during the 1st quarter. Corsair Capital Management L.P. now owns 37,649 shares of the industrial products company's stock valued at $402,000 after acquiring an additional 16,000 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Perma-Fix Environmental Services during the 2nd quarter valued at $544,000. Finally, CenterBook Partners LP bought a new stake in Perma-Fix Environmental Services during the 3rd quarter worth $5,615,000. Institutional investors and hedge funds own 25.52% of the company's stock.

Perma-Fix Environmental Services Company Profile

Perma-Fix Environmental Services, Inc. provides nuclear and radioactive waste management and environmental services, primarily to government agencies and commercial customers. Its work includes treating, processing and stabilizing hazardous, radioactive and mixed waste. Through its treatment operations, the company offers services for handling and preparing waste for disposal. Its nuclear services include waste management support, decontamination and decommissioning, and technical and radiological services for nuclear facilities and related projects.

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