Perma-Fix Environmental Services (NASDAQ:PESI) Upgraded to “Sell” at Wall Street Zen

Wall Street Zen upgraded shares of Perma-Fix Environmental Services (NASDAQ:PESI) from a strong sell rating to a sell rating in a research report sent to investors on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings upgraded shares of Perma-Fix Environmental Services from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, June 25th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Perma-Fix Environmental Services Price Performance

Shares of Perma-Fix Environmental Services stock opened at $18.77 on Friday. The firm has a market cap of $398.30 million, a PE ratio of -16.61 and a beta of 0.47. The stock has a 50 day moving average of $16.98 and a 200 day moving average of $13.50. The company has a current ratio of 1.67, a quick ratio of 1.58 and a debt-to-equity ratio of 0.05. Perma-Fix Environmental Services has a 12 month low of $8.14 and a 12 month high of $21.32.

Perma-Fix Environmental Services (NASDAQ:PESI) last released its quarterly earnings data on Wednesday, August 12th. The industrial products company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.01). The firm had revenue of $12.89 million during the quarter, compared to the consensus estimate of $12.90 million. Perma-Fix Environmental Services had a negative return on equity of 35.46% and a negative net margin of 37.04%.

Institutional Investors Weigh In On Perma-Fix Environmental Services

Several large investors have recently added to or reduced their stakes in PESI. BNP Paribas Financial Markets lifted its stake in shares of Perma-Fix Environmental Services by 102.9% in the 3rd 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 during the last quarter. California State Teachers Retirement System increased its position in shares of Perma-Fix Environmental Services by 270.9% during the 2nd quarter. California State Teachers Retirement System now owns 3,472 shares of the industrial products company’s stock valued at $50,000 after purchasing an additional 2,536 shares during the last quarter. Capital Advisors Ltd. LLC purchased a new stake in Perma-Fix Environmental Services during the 1st quarter valued at $53,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings 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 valued at $72,000 after buying an additional 1,515 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new stake in Perma-Fix Environmental Services during the 1st quarter valued at $77,000. 25.52% of the stock is owned by institutional investors.

About Perma-Fix Environmental Services

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.