Perma-Fix Environmental Services (NASDAQ:PESI) Share Price Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• Perma-Fix Environmental Services shares rose above their 200-day moving average, reaching $18.07 and last trading at $17.80, compared with the $12.92 average.
• Despite the technical move, analysts remain bearish: the stock has a consensus “Sell” rating, with one firm downgrading it to “Strong Sell.”
• Recent fundamentals were weak, as the company missed quarterly earnings and revenue estimates, posted a 30.06% negative net margin, and reported a 28.55% negative return on equity.

Shares of Perma-Fix Environmental Services, Inc. (NASDAQ:PESI - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $12.92 and traded as high as $18.07. Perma-Fix Environmental Services shares last traded at $17.80, with a volume of 273,079 shares changing hands.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Weiss Ratings raised shares of Perma-Fix Environmental Services from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Thursday, June 25th. Wall Street Zen downgraded Perma-Fix Environmental Services from a "sell" rating to a "strong sell" rating in a research note on Sunday, May 17th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of "Sell".

Perma-Fix Environmental Services Trading Up 0.8%

The company has a current ratio of 1.25, a quick ratio of 1.17 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $377.36 million, a P/E ratio of -18.54 and a beta of 0.46. The business's fifty day simple moving average is $13.42 and its two-hundred day simple moving average is $12.92.

Perma-Fix Environmental Services (NASDAQ:PESI - Get Free Report) last released its earnings results on Thursday, May 7th. The industrial products company reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.16). Perma-Fix Environmental Services had a negative net margin of 30.06% and a negative return on equity of 28.55%. The company had revenue of $11.13 million during the quarter, compared to the consensus estimate of $12.95 million.

Institutional Investors Weigh In On Perma-Fix Environmental Services

Several institutional investors and hedge funds have recently bought and sold shares of PESI. BNP Paribas Financial Markets boosted its position in shares of Perma-Fix Environmental Services by 102.9% during 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. Capital Advisors Ltd. LLC bought a new stake in shares of Perma-Fix Environmental Services in the 1st quarter valued at approximately $53,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Perma-Fix Environmental Services by 18.2% in 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 buying an additional 1,515 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Perma-Fix Environmental Services during the 1st quarter worth approximately $77,000. Finally, MetLife Investment Management LLC grew its position in Perma-Fix Environmental Services by 171.6% in the fourth quarter. MetLife Investment Management LLC now owns 9,154 shares of the industrial products company's stock valued at $115,000 after acquiring an additional 5,784 shares during the period. Institutional investors own 25.52% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source