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

Shares of Perma-Fix Environmental Services, Inc. (NASDAQ:PESI - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.54 and traded as high as $10.60. Perma-Fix Environmental Services shares last traded at $10.36, with a volume of 118,368 shares.

Analysts Set New Price Targets

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

Perma-Fix Environmental Services Stock Performance

The stock has a market capitalization of $184.08 million, a PE ratio of -9.16 and a beta of 0.30. The business has a 50 day moving average price of $9.18 and a 200 day moving average price of $9.50. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.42 and a quick ratio of 1.37.

Perma-Fix Environmental Services (NASDAQ:PESI - Get Free Report) last released its earnings results 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). Perma-Fix Environmental Services had a negative return on equity of 21.69% and a negative net margin of 24.44%. The company had revenue of $13.92 million during the quarter, compared to analysts' expectations of $15.30 million. During the same period in the prior year, the company posted ($0.25) earnings per share.

Institutional Investors Weigh In On Perma-Fix Environmental Services

Several institutional investors have recently modified their holdings of PESI. Rhumbline Advisers boosted its position in shares of Perma-Fix Environmental Services by 23.5% during the fourth quarter. Rhumbline Advisers now owns 14,533 shares of the industrial products company's stock valued at $161,000 after buying an additional 2,766 shares during the last quarter. New York State Common Retirement Fund boosted 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 boosted its position in shares of Perma-Fix Environmental Services by 13.8% during 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 last quarter. Prescott Group Capital Management L.L.C. boosted its position in shares of Perma-Fix Environmental Services by 4.2% during 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 buying an additional 30,000 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its position in shares of Perma-Fix Environmental Services by 5.2% during 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 buying an additional 10,741 shares during the last quarter. 25.52% of the stock is owned by hedge funds and other institutional investors.

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.