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

Key Points

• Perma-Fix Environmental Services' stock price has recently crossed above its 200-day moving average of $10.09, hitting a high of $11.42 during trading.
• Weiss Ratings has reaffirmed a "sell (d-)" rating for the stock, which currently holds an average rating of "Sell" from investment analysts.
• The company reported a negative net margin of 31.25% for the latest quarter, with revenue of $14.59 million, falling short of the consensus estimate of $16.40 million.

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.09 and traded as high as $11.42. Perma-Fix Environmental Services shares last traded at $11.10, with a volume of 475,068 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Perma-Fix Environmental Services in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of "Sell".

Perma-Fix Environmental Services Price Performance

The company's 50-day moving average price is $10.68 and its 200-day moving average price is $10.09. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.04 and a quick ratio of 1.97. The company has a market cap of $205.02 million, a P/E ratio of -9.82 and a beta of 0.24.

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Prescott Group Capital Management L.L.C. boosted its holdings in Perma-Fix Environmental Services by 4.0% during the first quarter. Prescott Group Capital Management L.L.C. now owns 777,142 shares of the industrial products company's stock worth $5,650,000 after purchasing an additional 30,200 shares during the last quarter. Heartland Advisors Inc. boosted its holdings in Perma-Fix Environmental Services by 13.9% during the first quarter. Heartland Advisors Inc. now owns 455,400 shares of the industrial products company's stock worth $3,311,000 after purchasing an additional 55,400 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Perma-Fix Environmental Services by 7.3% during the second quarter. Geode Capital Management LLC now owns 421,959 shares of the industrial products company's stock worth $4,440,000 after purchasing an additional 28,781 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its holdings in Perma-Fix Environmental Services by 32.1% during the first quarter. Diamond Hill Capital Management Inc. now owns 416,662 shares of the industrial products company's stock worth $3,029,000 after purchasing an additional 101,145 shares during the last quarter. Finally, Ancora Advisors LLC boosted its holdings in Perma-Fix Environmental Services by 92.8% during the first quarter. Ancora Advisors LLC now owns 157,845 shares of the industrial products company's stock worth $1,148,000 after purchasing an additional 75,967 shares during the last quarter. Institutional investors and hedge funds 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.

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