Perma-Fix Environmental Services (NASDAQ:PESI) Stock Price Crosses Above 200 Day Moving Average - What's Next?

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 $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.

Wall Street Analysts Forecast Growth

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

Perma-Fix Environmental Services Stock Performance

The business's fifty day moving average price is $9.04 and its two-hundred day moving average price is $9.55. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.37 and a current ratio of 1.42. The stock has a market capitalization of $188.51 million, a P/E ratio of -9.38 and a beta of 0.30.

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) earnings per share for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.05). The business had revenue of $13.92 million during the quarter, compared to analysts' expectations of $15.30 million. Perma-Fix Environmental Services had a negative return on equity of 21.69% and a negative net margin of 24.44%. During the same quarter in the previous year, the business earned ($0.25) EPS.

Institutional Investors Weigh In On Perma-Fix Environmental Services

Several hedge funds have recently made changes to their positions in PESI. Geode Capital Management LLC increased its position 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 period. Deutsche Bank AG boosted its position in Perma-Fix Environmental Services by 4,235.9% during the 4th quarter. Deutsche Bank AG now owns 15,479 shares of the industrial products company's stock valued at $171,000 after acquiring an additional 15,122 shares in the last quarter. Rhumbline Advisers boosted its position in Perma-Fix Environmental Services by 23.5% during the 4th quarter. Rhumbline Advisers now owns 14,533 shares of the industrial products company's stock valued at $161,000 after acquiring an additional 2,766 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Perma-Fix Environmental Services by 21.6% in 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 acquiring an additional 1,479 shares during the period. Finally, New York State Common Retirement Fund raised its position in shares of Perma-Fix Environmental Services by 4,300.0% in the 4th quarter. New York State Common Retirement Fund now owns 4,400 shares of the industrial products company's stock worth $49,000 after acquiring an additional 4,300 shares in the last quarter. 25.52% of the stock is currently 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.