Perma-Fix Environmental Services (NASDAQ:PESI) Stock Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• PESI shares moved above their 200-day moving average of $13.87, reaching $14.39 before closing at $14.05; the 50-day average was higher at $15.26.
• Analyst sentiment remains cautious: ratings include one Hold and one Sell, producing a MarketBeat consensus of “Reduce.”
• The company reported a quarterly loss of $0.16 per share, but beat the $0.21 loss estimate; revenue of $17.95 million also exceeded expectations of $14.90 million.

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $13.87 and traded as high as $14.39. Perma-Fix Environmental Services shares last traded at $14.05, with a volume of 358,495 shares changing hands.

Analysts Set New Price Targets

PESI has been the subject of a number of recent research reports. Zacks Research raised shares of Perma-Fix Environmental Services to a "hold" rating in a research note on Friday, October 2nd. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Perma-Fix Environmental Services in a research report on Tuesday, September 22nd. Finally, Wall Street Zen upgraded shares of Perma-Fix Environmental Services from a "strong sell" rating to a "sell" rating in a research report on Saturday. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Perma-Fix Environmental Services currently has a consensus rating of "Reduce".

Perma-Fix Environmental Services Stock Performance

The firm has a 50 day moving average of $15.26 and a 200-day moving average of $13.87. The company has a market cap of $298.14 million, a P/E ratio of -11.81 and a beta of 0.59. 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 earnings results on Thursday, November 5th. The industrial products company reported ($0.16) earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.05. The firm had revenue of $17.95 million for the quarter, compared to the consensus estimate of $14.90 million. Perma-Fix Environmental Services had a negative net margin of 37.04% and a negative return on equity of 35.46%. As a group, sell-side analysts anticipate that Perma-Fix Environmental Services, Inc. will post -1.02 EPS for the current fiscal year.

Institutional Investors Weigh In On Perma-Fix Environmental Services

Several large investors have recently made changes to their positions in the stock. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in Perma-Fix Environmental Services during the 2nd quarter worth approximately $9,182,000. Bank of New York Mellon Corp bought a new stake in shares of Perma-Fix Environmental Services in the 2nd quarter worth $544,000. Pale Fire Capital SE grew its holdings in Perma-Fix Environmental Services by 12.5% during the 1st quarter. Pale Fire Capital SE now owns 48,626 shares of the industrial products company's stock valued at $520,000 after buying an additional 5,406 shares in the last quarter. Corsair Capital Management L.P. lifted its position in shares of Perma-Fix Environmental Services by 73.9% during the first quarter. Corsair Capital Management L.P. now owns 37,649 shares of the industrial products company's stock worth $402,000 after purchasing an additional 16,000 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in Perma-Fix Environmental Services by 3.5% in the first quarter. Bank of America Corp DE now owns 45,190 shares of the industrial products company's stock worth $483,000 after acquiring an additional 1,524 shares in the last quarter. Institutional investors own 25.52% of the company's stock.

Perma-Fix Environmental Services Company Profile

Perma-Fix Environmental Services, Inc provides treatment, processing and disposal services for radioactive, mixed and hazardous waste. The company serves customers that generate waste through nuclear energy production, government and defense programs, research, medical activities and other industrial operations.

Its services include the treatment of low-level radioactive waste and mixed waste, which contains both radioactive and hazardous components. Perma-Fix uses specialized technologies and licensed treatment facilities to process waste streams, reduce their volume or hazardous characteristics, and prepare them for compliant disposal.

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