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

Key Points

• PESI shares moved above their 200-day moving average, reaching $18.76 before closing at $18.25, compared with a 200-day average of $13.46.
• Analyst sentiment remains negative: the stock has a consensus “Sell” rating, including one downgrade from “sell” to “strong sell.”
• Recent fundamentals were weak, with the company reporting a quarterly loss of $0.32 per share, negative net margin of 37.04%, and negative return on equity of 35.46%, while revenue was roughly in line with estimates.

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.46 and traded as high as $18.76. Perma-Fix Environmental Services shares last traded at $18.25, with a volume of 161,656 shares traded.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Wall Street Zen cut Perma-Fix Environmental Services from a "sell" rating to a "strong sell" rating in a research report on Sunday, May 17th. Weiss Ratings raised shares of Perma-Fix Environmental Services from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Thursday, June 25th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of "Sell".

Perma-Fix Environmental Services Price Performance

The company has a current ratio of 1.67, a quick ratio of 1.58 and a debt-to-equity ratio of 0.05. The firm has a market cap of $387.26 million, a price-to-earnings ratio of -16.15 and a beta of 0.47. The stock's fifty day moving average price is $16.87 and its 200-day moving average price is $13.46.

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 the consensus estimate of ($0.31) by ($0.01). Perma-Fix Environmental Services had a negative net margin of 37.04% and a negative return on equity of 35.46%. The business had revenue of $12.89 million during the quarter, compared to analyst estimates of $12.90 million.

Hedge Funds Weigh In On Perma-Fix Environmental Services

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

About Perma-Fix Environmental Services

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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