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 share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 Ratings Changes

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

Perma-Fix Environmental Services Trading Down 1.2%

The firm has a market capitalization of $205.35 million, a P/E ratio of -8.90 and a beta of 0.28. The company has a quick ratio of 2.12, a current ratio of 2.18 and a debt-to-equity ratio of 0.04. The firm's 50-day simple moving average is $10.12 and its 200-day simple moving average is $9.27.

Perma-Fix Environmental Services (NASDAQ:PESI - Get Free Report) last issued its quarterly 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 net margin of 33.65% and a negative return on equity of 24.56%. The business had revenue of $13.92 million for the quarter, compared to the consensus estimate of $15.30 million. During the same quarter in the previous year, the business earned ($0.25) earnings per share.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Prescott Group Capital Management L.L.C. grew its position in Perma-Fix Environmental Services by 4.0% during 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 acquiring an additional 30,200 shares during the last quarter. Alyeska Investment Group L.P. bought a new position in Perma-Fix Environmental Services during the fourth quarter valued at approximately $7,749,000. Heartland Advisors Inc. grew its position in Perma-Fix Environmental Services by 13.9% during the first quarter. Heartland Advisors Inc. now owns 455,400 shares of the industrial products company's stock valued at $3,311,000 after acquiring an additional 55,400 shares during the last quarter. Diamond Hill Capital Management Inc. grew its position in Perma-Fix Environmental Services by 32.1% during 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 acquiring an additional 101,145 shares during the last quarter. Finally, AWM Investment Company Inc. bought a new position in Perma-Fix Environmental Services during the fourth quarter valued at approximately $4,428,000. 25.52% of the stock is currently owned by 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.