Perma-Fix Environmental Services (NASDAQ:PESI) Upgraded at Wall Street Zen

Perma-Fix Environmental Services (NASDAQ:PESI - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Friday.

Perma-Fix Environmental Services Price Performance

Shares of NASDAQ:PESI traded down $0.09 during midday trading on Friday, hitting $9.89. The company's stock had a trading volume of 100,081 shares, compared to its average volume of 147,019. 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 business's 50 day simple moving average is $8.84 and its 200 day simple moving average is $9.63. Perma-Fix Environmental Services has a 12-month low of $6.25 and a 12-month high of $16.25. The company has a market cap of $182.42 million, a P/E ratio of -9.07 and a beta of 0.18.

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

Institutional Trading of Perma-Fix Environmental Services

Hedge funds have recently made changes to their positions in the company. New York State Common Retirement Fund increased its holdings 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 valued at $49,000 after purchasing an additional 4,300 shares in the last quarter. GAMMA Investing LLC purchased a new stake in shares of Perma-Fix Environmental Services during the first quarter worth about $33,000. Corebridge Financial Inc. grew its holdings in shares of Perma-Fix Environmental Services by 14.7% during the first quarter. Corebridge Financial Inc. now owns 8,284 shares of the industrial products company's stock worth $60,000 after buying an additional 1,061 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Perma-Fix Environmental Services by 21.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,334 shares of the industrial products company's stock worth $92,000 after buying an additional 1,479 shares in the last quarter. Finally, Pale Fire Capital SE purchased a new stake in shares of Perma-Fix Environmental Services during the first quarter worth about $73,000. Institutional investors and hedge funds own 25.52% of the company's stock.

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.

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