Investors Buy High Volume of Perma-Fix Environmental Services Call Options (NASDAQ:PESI)

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) saw some unusual options trading activity on Tuesday. Traders purchased 3,040 call options on the company. This represents an increase of approximately 397% compared to the typical volume of 612 call options.

Institutional Trading of Perma-Fix Environmental Services

A number of institutional investors and hedge funds have recently modified their holdings of PESI. Vanguard Group Inc. boosted its stake in Perma-Fix Environmental Services by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 935,942 shares of the industrial products company’s stock worth $9,453,000 after acquiring an additional 21,335 shares during the last quarter. Mak Capital One LLC increased its stake in Perma-Fix Environmental Services by 12.6% in the fourth quarter. Mak Capital One LLC now owns 918,673 shares of the industrial products company’s stock valued at $11,566,000 after purchasing an additional 103,097 shares in the last quarter. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in Perma-Fix Environmental Services in the second quarter worth $9,182,000. Geode Capital Management LLC raised its holdings in Perma-Fix Environmental Services by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 422,890 shares of the industrial products company’s stock worth $5,325,000 after purchasing an additional 1,655 shares during the period. Finally, Potomac Capital Management Inc. bought a new position in shares of Perma-Fix Environmental Services during the fourth quarter worth $4,303,000. 25.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Wall Street Zen lowered Perma-Fix Environmental Services from a “sell” rating to a “strong sell” rating in a research report on Sunday, May 17th. Weiss Ratings upgraded Perma-Fix Environmental Services from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, June 25th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Perma-Fix Environmental Services currently has a consensus rating of “Sell”.

Perma-Fix Environmental Services Trading Up 3.9%

NASDAQ:PESI traded up $0.64 on Tuesday, hitting $16.93. 79,164 shares of the stock were exchanged, compared to its average volume of 272,444. The stock has a market capitalization of $359.36 million, a price-to-earnings ratio of -14.98 and a beta of 0.46. Perma-Fix Environmental Services has a 52 week low of $8.02 and a 52 week high of $21.32. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.58 and a current ratio of 1.67. The company’s 50-day moving average price is $15.24 and its 200 day moving average price is $13.13.

Perma-Fix Environmental Services (NASDAQ:PESI) last issued its earnings results on Wednesday, August 12th. The industrial products company reported ($0.32) earnings per share (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 the consensus estimate of $12.90 million.

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.