Perma-Fix Environmental Services (NASDAQ:PESI) Stock Price Passes Above Two Hundred Day Moving Average - What's Next?

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $9.32 and traded as high as $10.17. Perma-Fix Environmental Services shares last traded at $10.14, with a volume of 143,734 shares changing hands.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Perma-Fix Environmental Services from a "sell" rating to a "hold" rating in a research report on Friday, June 6th.

Perma-Fix Environmental Services Price Performance

The business has a 50-day moving average price of $9.70 and a 200 day moving average price of $9.32. The company has a market cap of $192.43 million, a price-to-earnings ratio of -8.34 and a beta of 0.30. The company has a current ratio of 2.18, a quick ratio of 2.12 and a debt-to-equity ratio of 0.04.

Perma-Fix Environmental Services (NASDAQ:PESI - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The industrial products company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.05). Perma-Fix Environmental Services had a negative net margin of 33.65% and a negative return on equity of 24.56%. The firm had revenue of $13.92 million for the quarter, compared to analyst estimates of $15.30 million. During the same quarter in the prior year, the firm earned ($0.25) earnings per share.

Hedge Funds Weigh In On Perma-Fix Environmental Services

A number of institutional investors have recently modified their holdings of PESI. Rhumbline Advisers grew its position in shares of Perma-Fix Environmental Services by 23.5% in the fourth quarter. Rhumbline Advisers now owns 14,533 shares of the industrial products company's stock valued at $161,000 after purchasing an additional 2,766 shares during the last quarter. New York State Common Retirement Fund raised its position in shares of Perma-Fix Environmental Services by 4,300.0% during the fourth quarter. New York State Common Retirement Fund now owns 4,400 shares of the industrial products company's stock valued at $49,000 after buying an additional 4,300 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Perma-Fix Environmental Services by 13.8% in the fourth quarter. Bank of New York Mellon Corp now owns 32,126 shares of the industrial products company's stock valued at $356,000 after buying an additional 3,899 shares during the period. Prescott Group Capital Management L.L.C. raised its stake in shares of Perma-Fix Environmental Services by 4.2% in the fourth quarter. Prescott Group Capital Management L.L.C. now owns 746,942 shares of the industrial products company's stock valued at $8,269,000 after purchasing an additional 30,000 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC raised its stake in shares of Perma-Fix Environmental Services by 5.2% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 215,600 shares of the industrial products company's stock valued at $2,387,000 after purchasing an additional 10,741 shares in the last quarter. Institutional investors own 25.52% of the company's stock.

About Perma-Fix Environmental Services

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.