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

Wall Street Zen upgraded shares of Perma-Fix Environmental Services (NASDAQ:PESI - Free Report) from a sell rating to a hold rating in a report published on Friday.

Perma-Fix Environmental Services Stock Up 4.6%

PESI stock traded up $0.45 during trading on Friday, reaching $10.34. 128,581 shares of the stock were exchanged, compared to its average volume of 147,234. The firm's 50 day moving average is $8.90 and its 200 day moving average is $9.54. Perma-Fix Environmental Services has a twelve month low of $6.25 and a twelve month high of $16.25. The company has a current ratio of 1.42, a quick ratio of 1.37 and a debt-to-equity ratio of 0.06. The firm has a market cap of $190.72 million, a P/E ratio of -9.49 and a beta of 0.30.

Perma-Fix Environmental Services (NASDAQ:PESI - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The industrial products company reported ($0.19) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $13.92 million for the quarter, compared to analyst estimates of $15.30 million. During the same quarter in the previous year, the company posted ($0.25) EPS.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Corebridge Financial Inc. raised its stake in shares of Perma-Fix Environmental Services by 14.7% in the first quarter. Corebridge Financial Inc. now owns 8,284 shares of the industrial products company's stock worth $60,000 after purchasing an additional 1,061 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Perma-Fix Environmental Services by 21.6% in 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 purchasing an additional 1,479 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Perma-Fix Environmental Services by 5.5% in the first quarter. Bank of New York Mellon Corp now owns 33,883 shares of the industrial products company's stock worth $246,000 after purchasing an additional 1,757 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Perma-Fix Environmental Services by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 327,122 shares of the industrial products company's stock worth $3,622,000 after purchasing an additional 1,949 shares during the last quarter. Finally, Barclays PLC raised its stake in shares of Perma-Fix Environmental Services by 10.6% in the fourth quarter. Barclays PLC now owns 23,014 shares of the industrial products company's stock worth $255,000 after purchasing an additional 2,208 shares during the last quarter. Institutional investors and hedge funds own 25.52% of the company's stock.

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.