Perma-Fix Environmental Services (NASDAQ:PESI) Stock Crosses Above 200 Day Moving Average of $8.86

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.86 and traded as high as $11.66. Perma-Fix Environmental Services shares last traded at $11.64, with a volume of 41,827 shares trading hands.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. TheStreet upgraded shares of Perma-Fix Environmental Services from a “d+” rating to a “c-” rating in a research report on Thursday, February 22nd. StockNews.com cut shares of Perma-Fix Environmental Services from a “buy” rating to a “hold” rating in a research report on Tuesday, April 16th.

Perma-Fix Environmental Services Stock Up 3.4 %

The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.13 and a current ratio of 1.18. The stock has a market cap of $159.12 million, a price-to-earnings ratio of 388.13 and a beta of 0.51. The firm’s 50-day simple moving average is $10.07 and its two-hundred day simple moving average is $8.86.

Perma-Fix Environmental Services (NASDAQ:PESI) last issued its quarterly earnings results on Wednesday, March 13th. The industrial products company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.03 by $0.01. Perma-Fix Environmental Services had a net margin of 0.54% and a return on equity of 2.38%. The company had revenue of $22.72 million during the quarter, compared to analysts’ expectations of $22.30 million. On average, sell-side analysts expect that Perma-Fix Environmental Services, Inc. will post -0.11 EPS for the current fiscal year.

Institutional Investors Weigh In On Perma-Fix Environmental Services

Several institutional investors have recently modified their holdings of the business. Essex Investment Management Co. LLC grew its position in shares of Perma-Fix Environmental Services by 28.2% during the 4th quarter. Essex Investment Management Co. LLC now owns 186,536 shares of the industrial products company’s stock worth $1,466,000 after buying an additional 41,051 shares during the period. Legato Capital Management LLC grew its position in shares of Perma-Fix Environmental Services by 37.3% during the 4th quarter. Legato Capital Management LLC now owns 75,031 shares of the industrial products company’s stock worth $590,000 after buying an additional 20,396 shares during the period. Citigroup Inc. acquired a new stake in shares of Perma-Fix Environmental Services during the 3rd quarter worth approximately $383,000. Quadrature Capital Ltd grew its position in shares of Perma-Fix Environmental Services by 11.6% during the 4th 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 period. Finally, Bailard Inc. acquired a new stake in shares of Perma-Fix Environmental Services during the 4th quarter worth approximately $249,000. Institutional investors and hedge funds own 25.52% of the company’s stock.

About Perma-Fix Environmental Services

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.