Perma-Fix Environmental Services (NASDAQ:PESI) Shares Cross Above 200 Day Moving Average - Here's Why

Key Points

• Perma-Fix Environmental Services shares crossed above their 200-day moving average, reaching $18.36 before closing at $17.84, compared with a 200-day average of $13.25.
• Analyst sentiment remains negative: the stock has a consensus rating of “Sell”, while recent ratings changes included a downgrade to “strong sell” and an upgrade to “sell.”
• The company reported a quarterly loss of $0.32 per share, slightly worse than estimates, with revenue of $12.89 million. Perma-Fix posted a negative net margin of 37.04% and negative return on equity of 35.46%.

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $13.25 and traded as high as $18.36. Perma-Fix Environmental Services shares last traded at $17.84, with a volume of 245,471 shares changing hands.

Analysts Set New Price Targets

PESI has been the subject of a number of analyst reports. Wall Street Zen lowered shares of Perma-Fix Environmental Services from a "sell" rating to a "strong sell" rating in a report on Sunday, May 17th. Weiss Ratings upgraded shares of Perma-Fix Environmental Services from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Thursday, June 25th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of "Sell".

Perma-Fix Environmental Services Stock Performance

The stock has a market cap of $378.53 million, a P/E ratio of -15.79 and a beta of 0.46. The stock has a fifty day simple moving average of $16.11 and a 200-day simple moving average of $13.25. The company has a quick ratio of 1.58, a current ratio of 1.67 and a debt-to-equity ratio of 0.05.

Perma-Fix Environmental Services (NASDAQ:PESI - Get Free Report) last announced its quarterly earnings results on Wednesday, August 12th. The industrial products company reported ($0.32) EPS for the quarter, missing analysts' consensus estimates of ($0.31) by ($0.01). The company had revenue of $12.89 million during the quarter, compared to the consensus estimate of $12.90 million. Perma-Fix Environmental Services had a negative net margin of 37.04% and a negative return on equity of 35.46%.

Institutional Investors Weigh In On Perma-Fix Environmental Services

Several large investors have recently bought and sold shares of PESI. Cubist Systematic Strategies LLC acquired a new stake in Perma-Fix Environmental Services in the first quarter worth $77,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Perma-Fix Environmental Services by 18.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,849 shares of the industrial products company's stock valued at $72,000 after buying an additional 1,515 shares during the period. Rhumbline Advisers grew its holdings in shares of Perma-Fix Environmental Services by 18.4% in the 1st quarter. Rhumbline Advisers now owns 17,204 shares of the industrial products company's stock valued at $125,000 after buying an additional 2,671 shares during the period. Geode Capital Management LLC grew its holdings in shares of Perma-Fix Environmental Services by 7.3% in the 2nd quarter. Geode Capital Management LLC now owns 421,959 shares of the industrial products company's stock valued at $4,440,000 after buying an additional 28,781 shares during the period. Finally, XTX Topco Ltd bought a new stake in shares of Perma-Fix Environmental Services in the 2nd quarter valued at $199,000. Institutional investors own 25.52% of the company's stock.

Perma-Fix Environmental Services Company Profile

Perma-Fix Environmental Services, Inc NASDAQ: PESI is a specialized provider of environmental and nuclear waste management solutions. The company offers a comprehensive suite of services, including treatment, recycling, processing, volume reduction and disposal of hazardous, radioactive and mixed wastes. Its capabilities span thermal, chemical and physical treatment technologies, supported by a network of licensed facilities designed to handle complex waste streams.

Founded in 1994 and headquartered in Atlanta, Georgia, Perma-Fix has grown both organically and through strategic acquisitions.

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