Perma-Fix Environmental Services (NASDAQ:PESI) Given Sell (D-) Rating at Weiss Ratings

Key Points

• Perma-Fix Environmental Services' stock has been given a "sell (D-)" rating by Weiss Ratings in a recent research note, indicating concerns about the company's financial performance.
• The company reported a revenue of $14.59 million for the last quarter, falling short of the consensus estimate of $16.40 million, alongside a negative net margin of 31.25%.
• Recent hedge fund activity shows increased interest in Perma-Fix, with Diamond Hill Capital Management boosting its holdings by 32.1% in the first quarter.

Perma-Fix Environmental Services (NASDAQ:PESI - Get Free Report)'s stock had its "sell (d-)" rating restated by stock analysts at Weiss Ratings in a research note issued on Saturday,Weiss Ratings reports.

Perma-Fix Environmental Services Price Performance

Shares of NASDAQ:PESI opened at $13.93 on Friday. The company's 50-day moving average is $10.98 and its 200 day moving average is $10.45. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.97 and a current ratio of 2.04. The company has a market capitalization of $257.29 million, a P/E ratio of -12.33 and a beta of 0.24. Perma-Fix Environmental Services has a fifty-two week low of $6.25 and a fifty-two week high of $16.25.

Perma-Fix Environmental Services (NASDAQ:PESI - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The industrial products company reported ($0.14) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.14). The company had revenue of $14.59 million for the quarter, compared to the consensus estimate of $16.40 million. Perma-Fix Environmental Services had a negative net margin of 31.25% and a negative return on equity of 21.73%.

Hedge Funds Weigh In On Perma-Fix Environmental Services

A number of hedge funds and other institutional investors have recently made changes to their positions in PESI. Diamond Hill Capital Management Inc. boosted its holdings in shares of Perma-Fix Environmental Services by 32.1% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 416,662 shares of the industrial products company's stock worth $3,029,000 after buying an additional 101,145 shares during the last quarter. Ancora Advisors LLC raised its stake in Perma-Fix Environmental Services by 92.8% in the 1st quarter. Ancora Advisors LLC now owns 157,845 shares of the industrial products company's stock valued at $1,148,000 after acquiring an additional 75,967 shares during the period. Heartland Advisors Inc. raised its stake in Perma-Fix Environmental Services by 13.9% in the 1st quarter. Heartland Advisors Inc. now owns 455,400 shares of the industrial products company's stock valued at $3,311,000 after acquiring an additional 55,400 shares during the period. Prescott Group Capital Management L.L.C. raised its stake in Perma-Fix Environmental Services by 4.0% in the 1st quarter. Prescott Group Capital Management L.L.C. now owns 777,142 shares of the industrial products company's stock valued at $5,650,000 after acquiring an additional 30,200 shares during the period. Finally, Geode Capital Management LLC raised its stake in Perma-Fix Environmental Services by 7.3% in the 2nd quarter. Geode Capital Management LLC now owns 421,959 shares of the industrial products company's stock valued at $4,440,000 after acquiring an additional 28,781 shares during the period. 25.52% of the stock is owned by hedge funds and other institutional investors.

Perma-Fix Environmental Services Company Profile

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.

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