Wall Street Zen Downgrades Perma-Fix Environmental Services (NASDAQ:PESI) to Sell

Key Points

• Wall Street Zen downgraded Perma-Fix Environmental Services (NASDAQ:PESI) from hold to sell, and Weiss Ratings also reaffirmed a sell (d-) rating. MarketBeat says the stock now carries a consensus Sell rating.
• The company reported weak quarterly results, with EPS of ($0.40) versus the expected ($0.24) and revenue of $11.13 million versus estimates of $12.95 million. Profitability remained negative, with a 30.06% net margin and 27.08% return on equity.
• Perma-Fix shares were down 1.5% to $11.00 on Friday, trading below both its 50-day and 200-day moving averages. Despite the decline, the company has seen notable institutional activity, with hedge funds and other investors increasing stakes in recent quarters.

Perma-Fix Environmental Services (NASDAQ:PESI - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued on Saturday.

Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Perma-Fix Environmental Services in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of "Sell".

Perma-Fix Environmental Services Trading Down 1.5%

PESI opened at $11.00 on Friday. The company has a current ratio of 1.61, a quick ratio of 1.54 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $204.05 million, a PE ratio of -11.46 and a beta of 0.61. Perma-Fix Environmental Services has a 1-year low of $8.02 and a 1-year high of $16.50. The firm has a 50-day moving average price of $12.40 and a two-hundred day moving average price of $13.28.

Perma-Fix Environmental Services (NASDAQ:PESI - Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The industrial products company reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.16). The company had revenue of $11.13 million during the quarter, compared to analyst estimates of $12.95 million. Perma-Fix Environmental Services had a negative net margin of 30.06% and a negative return on equity of 27.08%.

Institutional Trading of Perma-Fix Environmental Services

Several hedge funds have recently bought and sold shares of PESI. Mak Capital One LLC raised its holdings in Perma-Fix Environmental Services by 780.7% during the 3rd quarter. Mak Capital One LLC now owns 815,576 shares of the industrial products company's stock worth $8,237,000 after buying an additional 722,966 shares during the period. Potomac Capital Management Inc. acquired a new position in Perma-Fix Environmental Services during the fourth quarter worth $4,303,000. Rothschild Wealth LLC acquired a new position in Perma-Fix Environmental Services during the fourth quarter worth $2,094,000. North Star Investment Management Corp. increased its holdings in Perma-Fix Environmental Services by 2,639.4% during the first quarter. North Star Investment Management Corp. now owns 120,532 shares of the industrial products company's stock worth $1,288,000 after buying an additional 116,132 shares during the last quarter. Finally, Jane Street Group LLC increased its holdings in Perma-Fix Environmental Services by 147.8% during the fourth quarter. Jane Street Group LLC now owns 144,239 shares of the industrial products company's stock worth $1,816,000 after buying an additional 86,038 shares during the last quarter. 25.52% of the stock is currently owned by institutional investors and hedge funds.

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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