Perma-Fix Environmental Services' (PESI) "Sell (D-)" Rating Reiterated at Weiss Ratings

Key Points

• Perma-Fix Environmental Services' stock (PESI) has been reaffirmed with a "sell (D-)" rating by Weiss Ratings, indicating ongoing concerns regarding the company's performance.
• The company reported a negative net margin of 31.25% and missed revenue estimates with quarterly earnings of $14.59 million compared to the expected $16.40 million.
• In the second quarter, institutional investors demonstrated increased interest, with several firms, including Jane Street Group LLC and Pale Fire Capital SE, boosting their stakes in Perma-Fix Environmental Services.

Perma-Fix Environmental Services (NASDAQ:PESI - Get Free Report)'s stock had its "sell (d-)" rating reissued by equities research analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Perma-Fix Environmental Services Price Performance

Shares of PESI opened at $10.01 on Wednesday. The firm has a 50-day simple moving average of $10.72 and a two-hundred day simple moving average of $9.99. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.04 and a quick ratio of 1.97. Perma-Fix Environmental Services has a 1-year low of $6.25 and a 1-year high of $16.25. The stock has a market cap of $184.88 million, a PE ratio of -8.86 and a beta of 0.24.

Perma-Fix Environmental Services (NASDAQ:PESI - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The industrial products company reported ($0.14) EPS for the quarter, meeting the consensus estimate of ($0.14). Perma-Fix Environmental Services had a negative net margin of 31.25% and a negative return on equity of 21.73%. The business had revenue of $14.59 million during the quarter, compared to analyst estimates of $16.40 million.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new stake in shares of Perma-Fix Environmental Services during the 2nd quarter worth approximately $232,000. Pale Fire Capital SE raised its position in Perma-Fix Environmental Services by 154.9% in the 2nd quarter. Pale Fire Capital SE now owns 25,689 shares of the industrial products company's stock valued at $270,000 after purchasing an additional 15,609 shares during the last quarter. Marshall Wace LLP purchased a new position in Perma-Fix Environmental Services during the second quarter worth about $194,000. CW Advisors LLC lifted its position in Perma-Fix Environmental Services by 48.8% in the second quarter. CW Advisors LLC now owns 30,500 shares of the industrial products company's stock valued at $321,000 after purchasing an additional 10,000 shares during the period. Finally, XTX Topco Ltd acquired a new stake in Perma-Fix Environmental Services in the second quarter valued at about $199,000. Hedge funds and other institutional investors 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.

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