Perma-Fix Environmental Services (NASDAQ:PESI) Stock Price Crosses Above Two Hundred Day Moving Average - Here's Why

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.30 and traded as high as $12.05. Perma-Fix Environmental Services shares last traded at $12.02, with a volume of 195,055 shares traded.

Analysts Set New Price Targets

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

Perma-Fix Environmental Services Stock Up 0.7%

The business's fifty day moving average price is $10.76 and its 200 day moving average price is $9.36. The company has a market capitalization of $227.49 million, a P/E ratio of -9.86 and a beta of 0.28. 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 released its quarterly earnings data on Thursday, May 8th. The industrial products company reported ($0.19) EPS for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.05). The business had revenue of $13.92 million for the quarter, compared to the consensus estimate of $15.30 million. Perma-Fix Environmental Services had a negative return on equity of 24.56% and a negative net margin of 33.65%. During the same period in the previous year, the business posted ($0.25) earnings per share.

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. Fermata Advisors LLC lifted its holdings in Perma-Fix Environmental Services by 6.1% during the 2nd quarter. Fermata Advisors LLC now owns 16,309 shares of the industrial products company's stock valued at $172,000 after purchasing an additional 940 shares during the last quarter. Corebridge Financial Inc. lifted its holdings in Perma-Fix Environmental Services by 14.7% during the 1st quarter. Corebridge Financial Inc. now owns 8,284 shares of the industrial products company's stock valued at $60,000 after purchasing an additional 1,061 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Perma-Fix Environmental Services by 21.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,334 shares of the industrial products company's stock valued at $92,000 after purchasing an additional 1,479 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Perma-Fix Environmental Services by 5.5% during the 1st quarter. Bank of New York Mellon Corp now owns 33,883 shares of the industrial products company's stock valued at $246,000 after purchasing an additional 1,757 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Perma-Fix Environmental Services by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 327,122 shares of the industrial products company's stock valued at $3,622,000 after purchasing an additional 1,949 shares during the last quarter. 25.52% of the stock is owned by 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.