Perma-Fix Environmental Services (NASDAQ:PESI) Stock Rating Upgraded by Wall Street Zen

Perma-Fix Environmental Services (NASDAQ:PESI) was upgraded by research analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a report released on Saturday, Wall Street Zen reports.

A number of other brokerages have also recently commented on PESI. Weiss Ratings restated a “sell (d-)” rating on shares of Perma-Fix Environmental Services in a report on Tuesday, September 22nd. Zacks Research raised Perma-Fix Environmental Services to a “hold” rating in a research report on Friday, October 2nd. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Reduce”.

Perma-Fix Environmental Services Price Performance

NASDAQ:PESI opened at $14.05 on Friday. Perma-Fix Environmental Services has a 52 week low of $8.58 and a 52 week high of $21.32. The stock’s fifty day moving average is $15.26 and its two-hundred day moving average is $13.87. The stock has a market capitalization of $298.14 million, a price-to-earnings ratio of -11.81 and a beta of 0.59. The company has a quick ratio of 1.58, a current ratio of 1.67 and a debt-to-equity ratio of 0.05.

Perma-Fix Environmental Services (NASDAQ:PESI) last issued its quarterly earnings data on Thursday, November 5th. The industrial products company reported ($0.16) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.05. The business had revenue of $17.95 million during the quarter, compared to analysts’ expectations of $14.90 million. Perma-Fix Environmental Services had a negative return on equity of 39.57% and a negative net margin of 39.55%. Research analysts anticipate that Perma-Fix Environmental Services will post -1.02 EPS for the current year.

Institutional Trading of Perma-Fix Environmental Services

Hedge funds have recently modified their holdings of the stock. CenterBook Partners LP purchased a new stake in Perma-Fix Environmental Services during the 3rd quarter worth about $5,615,000. Pale Fire Capital SE raised its position in Perma-Fix Environmental Services by 14.4% in the 2nd quarter. Pale Fire Capital SE now owns 55,627 shares of the industrial products company’s stock valued at $795,000 after purchasing an additional 7,001 shares in the last quarter. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in Perma-Fix Environmental Services in the 2nd quarter valued at about $9,182,000. Bank of New York Mellon Corp purchased a new position in shares of Perma-Fix Environmental Services in the 2nd quarter valued at about $544,000. Finally, Bank of America Corp DE boosted its stake in shares of Perma-Fix Environmental Services by 3.5% in the 1st quarter. Bank of America Corp DE now owns 45,190 shares of the industrial products company’s stock valued at $483,000 after buying an additional 1,524 shares during the period. 25.52% of the stock is currently owned by institutional investors and hedge funds.

About Perma-Fix Environmental Services

Perma-Fix Environmental Services, Inc provides treatment, processing and disposal services for radioactive, mixed and hazardous waste. The company serves customers that generate waste through nuclear energy production, government and defense programs, research, medical activities and other industrial operations.

Its services include the treatment of low-level radioactive waste and mixed waste, which contains both radioactive and hazardous components. Perma-Fix uses specialized technologies and licensed treatment facilities to process waste streams, reduce their volume or hazardous characteristics, and prepare them for compliant disposal.