Investors Buy High Volume of Perma-Fix Environmental Services Call Options (NASDAQ:PESI)

Key Points

• PESI call-option activity surged: Traders purchased 3,040 call options, nearly four times the average volume of 612, signaling unusually high options interest.
• Institutional ownership stands at 25.52%, with several investors recently increasing their positions or initiating new stakes. However, analyst sentiment remains negative, with the stock carrying an average “Sell” rating.
• Shares rose 3.9% to $16.93, but Perma-Fix recently reported a quarterly loss of $0.32 per share, slightly worse than estimates, alongside negative margins and return on equity.

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI - Get Free Report) was the recipient of unusually large options trading on Tuesday. Stock traders purchased 3,040 call options on the company. This is an increase of 397% compared to the average volume of 612 call options.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets raised its holdings in Perma-Fix Environmental Services by 102.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,350 shares of the industrial products company's stock valued at $34,000 after acquiring an additional 1,699 shares in the last quarter. California State Teachers Retirement System lifted 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 valued at $50,000 after acquiring an additional 2,536 shares during the period. Capital Advisors Ltd. LLC bought a new stake in shares of Perma-Fix Environmental Services in the 1st quarter worth about $53,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Perma-Fix Environmental Services by 18.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,849 shares of the industrial products company's stock worth $72,000 after purchasing an additional 1,515 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in Perma-Fix Environmental Services during the 1st quarter valued at about $77,000. Institutional investors and hedge funds own 25.52% of the company's stock.

Wall Street Analysts Forecast Growth

PESI has been the subject of several research reports. Wall Street Zen lowered Perma-Fix Environmental Services from a "sell" rating to a "strong sell" rating in a research note on Sunday, May 17th. 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 investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of "Sell".

Perma-Fix Environmental Services Stock Up 3.9%

Shares of NASDAQ PESI traded up $0.64 during mid-day trading on Tuesday, reaching $16.93. 79,164 shares of the company traded hands, compared to its average volume of 272,444. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.58 and a current ratio of 1.67. The stock has a market cap of $359.36 million, a PE ratio of -14.98 and a beta of 0.46. The company's fifty day moving average is $15.24 and its two-hundred day moving average is $13.13. Perma-Fix Environmental Services has a fifty-two week low of $8.02 and a fifty-two 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 for the quarter, missing the consensus estimate of ($0.31) by ($0.01). The company had revenue of $12.89 million during the quarter, compared to analyst estimates of $12.90 million. Perma-Fix Environmental Services had a negative return on equity of 35.46% and a negative net margin of 37.04%.

Perma-Fix Environmental Services Company Profile

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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