Perma-Fix Environmental Services (NASDAQ:PESI) Cut to Hold at StockNews.com

Perma-Fix Environmental Services (NASDAQ:PESI) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Tuesday.

Separately, TheStreet raised shares of Perma-Fix Environmental Services from a “d+” rating to a “c-” rating in a research note on Thursday, February 22nd.

Perma-Fix Environmental Services Stock Performance

NASDAQ PESI opened at $11.23 on Tuesday. The stock has a market cap of $153.53 million, a P/E ratio of 374.33 and a beta of 0.52. The company’s 50-day simple moving average is $9.62 and its 200 day simple moving average is $8.82. Perma-Fix Environmental Services has a twelve month low of $6.51 and a twelve month high of $14.17. The company has a quick ratio of 1.13, a current ratio of 1.18 and a debt-to-equity ratio of 0.07.

Perma-Fix Environmental Services (NASDAQ:PESI) last posted its earnings results on Wednesday, March 13th. The industrial products company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The business had revenue of $22.72 million for the quarter, compared to analysts’ expectations of $22.30 million. Perma-Fix Environmental Services had a net margin of 0.54% and a return on equity of 2.38%. As a group, research analysts forecast that Perma-Fix Environmental Services will post -0.11 earnings per share for the current fiscal year.

Institutional Trading of Perma-Fix Environmental Services

Several large investors have recently added to or reduced their stakes in the company. Quadrature Capital Ltd grew its stake in Perma-Fix Environmental Services by 11.6% during the fourth quarter. Quadrature Capital Ltd now owns 34,029 shares of the industrial products company’s stock worth $267,000 after buying an additional 3,545 shares during the last quarter. Vanguard Group Inc. grew its stake in Perma-Fix Environmental Services by 8.8% during the fourth quarter. Vanguard Group Inc. now owns 590,041 shares of the industrial products company’s stock worth $4,638,000 after buying an additional 47,814 shares during the last quarter. Potomac Capital Management Inc. grew its stake in Perma-Fix Environmental Services by 0.8% during the fourth quarter. Potomac Capital Management Inc. now owns 298,984 shares of the industrial products company’s stock worth $2,350,000 after buying an additional 2,513 shares during the last quarter. Bridgeway Capital Management LLC bought a new stake in Perma-Fix Environmental Services during the fourth quarter worth about $174,000. Finally, Northern Trust Corp grew its stake in Perma-Fix Environmental Services by 5.6% during the fourth quarter. Northern Trust Corp now owns 26,958 shares of the industrial products company’s stock worth $212,000 after buying an additional 1,419 shares during the last quarter. 25.52% of the stock is owned by institutional investors.

Perma-Fix Environmental Services Company Profile

Perma-Fix Environmental Services, Inc, through its subsidiaries, operates as an environmental and technology know-how company in the United States. The company through Treatment and Services segments. The Treatment segment offers nuclear, low-level radioactive, mixed waste, hazardous and non-hazardous waste treatment, and processing and disposal services through treatment and storage facilities.