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 Friday . The stock has a 200-day moving average of $9.28 and traded as high as $11.30. Perma-Fix Environmental Services shares last traded at $11.04, with a volume of 60,972 shares trading hands.

Analyst Upgrades and Downgrades

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 Price Performance

The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.12 and a current ratio of 2.18. The company's fifty day simple moving average is $10.00 and its two-hundred day simple moving average is $9.27. The stock has a market capitalization of $203.69 million, a PE ratio of -8.83 and a beta of 0.28.

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 (EPS) for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.05). Perma-Fix Environmental Services had a negative net margin of 33.65% and a negative return on equity of 24.56%. The company had revenue of $13.92 million during the quarter, compared to analysts' expectations of $15.30 million. During the same quarter in the previous year, the firm posted ($0.25) earnings per share.

Institutional Investors Weigh In On Perma-Fix Environmental Services

A number of institutional investors have recently bought and sold shares of the stock. Prescott Group Capital Management L.L.C. grew its holdings 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 valued at $5,650,000 after purchasing an additional 30,200 shares during the period. Alyeska Investment Group L.P. purchased a new stake in Perma-Fix Environmental Services in the fourth quarter valued at approximately $7,749,000. Heartland Advisors Inc. grew its holdings in Perma-Fix Environmental Services by 13.9% in the first 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 during the period. Diamond Hill Capital Management Inc. grew its holdings in Perma-Fix Environmental Services by 32.1% in the first 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 period. Finally, AWM Investment Company Inc. purchased a new stake in Perma-Fix Environmental Services in the fourth quarter valued at approximately $4,428,000. 25.52% of the stock is currently owned by hedge funds and other 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.