Free Trial

Perma-Fix Environmental Services (NASDAQ:PESI) Stock Passes Above 200 Day Moving Average - Here's What Happened

Perma-Fix Environmental Services logo with Industrials background

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.32 and traded as high as $14.07. Perma-Fix Environmental Services shares last traded at $13.97, with a volume of 193,151 shares trading 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 equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of "Sell".

Check Out Our Latest Analysis on Perma-Fix Environmental Services

Perma-Fix Environmental Services Stock Down 1.0%

The company has a current ratio of 2.04, a quick ratio of 1.97 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $258.03 million, a PE ratio of -12.36 and a beta of 0.24. The stock's fifty day simple moving average is $10.89 and its 200-day simple moving average is $10.32.

Perma-Fix Environmental Services (NASDAQ:PESI - Get Free Report) last announced its earnings results on Thursday, August 7th. The industrial products company reported ($0.14) EPS for the quarter, meeting the consensus estimate of ($0.14). The company had revenue of $14.59 million during 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%.

Institutional Trading of Perma-Fix Environmental Services

Several institutional investors and hedge funds have recently modified their holdings of PESI. Prescott Group Capital Management L.L.C. boosted its stake in Perma-Fix Environmental Services by 4.0% in 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 buying an additional 30,200 shares in the last quarter. Heartland Advisors Inc. boosted its stake in shares of 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 purchasing an additional 55,400 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Perma-Fix Environmental Services by 7.3% during 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 purchasing an additional 28,781 shares during the last quarter. Diamond Hill Capital Management Inc. grew its holdings in shares of Perma-Fix Environmental Services by 32.1% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 416,662 shares of the industrial products company's stock valued at $3,029,000 after purchasing an additional 101,145 shares during the last quarter. Finally, Ancora Advisors LLC raised its position 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 worth $1,148,000 after purchasing an additional 75,967 shares during the period. Hedge funds and other institutional investors own 25.52% of the company's stock.

Perma-Fix Environmental Services Company Profile

(Get Free Report)

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.

See Also

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Perma-Fix Environmental Services Right Now?

Before you consider Perma-Fix Environmental Services, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Perma-Fix Environmental Services wasn't on the list.

While Perma-Fix Environmental Services currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

 The Best Nuclear Energy Stocks to Buy Cover

Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.

Get This Free Report
Like this article? Share it with a colleague.