Perma-Fix Environmental Services (NASDAQ:PESI) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.60 and traded as high as $15.10. Perma-Fix Environmental Services shares last traded at $14.84, with a volume of 84,690 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Perma-Fix Environmental Services in a research report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Perma-Fix Environmental Services Stock Down 0.1%

The company has a market cap of $274.84 million, a price-to-earnings ratio of -22.48 and a beta of 0.39. The business has a fifty day moving average of $14.20 and a two-hundred day moving average of $12.60. The company has a current ratio of 1.77, a quick ratio of 1.72 and a debt-to-equity ratio of 0.03.

Hedge Funds Weigh In On Perma-Fix Environmental Services

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PESI. ARS Investment Partners LLC increased its stake in shares of Perma-Fix Environmental Services by 1.2% during the second quarter. ARS Investment Partners LLC now owns 84,225 shares of the industrial products company’s stock worth $886,000 after purchasing an additional 986 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Perma-Fix Environmental Services by 18.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,849 shares of the industrial products company’s stock worth $72,000 after buying an additional 1,515 shares in the last quarter. Geode Capital Management LLC increased its stake in Perma-Fix Environmental Services by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 422,890 shares of the industrial products company’s stock worth $5,325,000 after buying an additional 1,655 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Perma-Fix Environmental Services by 102.9% during the third quarter. BNP Paribas Financial Markets now owns 3,350 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 1,699 shares during the last quarter. Finally, Barclays PLC lifted its position in shares of Perma-Fix Environmental Services by 10.7% in the fourth quarter. Barclays PLC now owns 26,981 shares of the industrial products company’s stock valued at $340,000 after acquiring an additional 2,612 shares in the last quarter. 25.52% of the stock is owned by hedge funds and other institutional investors.

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.