Perma-Fix Environmental Services (NASDAQ:PESI) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.92 and traded as high as $18.07. Perma-Fix Environmental Services shares last traded at $17.80, with a volume of 273,079 shares traded.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. 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. Wall Street Zen cut Perma-Fix Environmental Services from a “sell” rating to a “strong sell” rating in a report on Sunday, May 17th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Perma-Fix Environmental Services Stock Performance

The stock has a market capitalization of $377.36 million, a price-to-earnings ratio of -18.54 and a beta of 0.46. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.25 and a quick ratio of 1.17. The stock has a 50-day moving average of $13.42 and a 200 day moving average of $12.92.

Perma-Fix Environmental Services (NASDAQ:PESI) last issued its earnings results on Thursday, May 7th. The industrial products company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.16). Perma-Fix Environmental Services had a negative net margin of 30.06% and a negative return on equity of 28.55%. The business had revenue of $11.13 million during the quarter, compared to the consensus estimate of $12.95 million.

Hedge Funds Weigh In On Perma-Fix Environmental Services

Large investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake 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 acquiring an additional 1,515 shares during the last quarter. Bank of America Corp DE boosted its stake in Perma-Fix Environmental Services by 3.5% during the 1st 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 during the last quarter. Geode Capital Management LLC grew its holdings in Perma-Fix Environmental Services by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 422,890 shares of the industrial products company’s stock valued at $5,325,000 after purchasing an additional 1,655 shares during the period. BNP Paribas Financial Markets increased its stake in Perma-Fix Environmental Services by 102.9% in the third quarter. BNP Paribas Financial Markets now owns 3,350 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 1,699 shares in the last quarter. Finally, Barclays PLC raised its holdings in 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 worth $340,000 after purchasing an additional 2,612 shares during the period. 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.