Perma-Fix Environmental Services (NASDAQ:PESI) Lifted to “Buy” at StockNews.com

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

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

Perma-Fix Environmental Services Stock Performance

Shares of NASDAQ PESI opened at $12.06 on Monday. The stock has a market capitalization of $164.86 million, a P/E ratio of 402.13 and a beta of 0.50. The firm’s 50-day moving average price is $10.73 and its two-hundred day moving average price is $8.99. Perma-Fix Environmental Services has a 52-week low of $6.51 and a 52-week 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 announced its quarterly earnings results on Wednesday, March 13th. The industrial products company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.01. The business had revenue of $22.72 million for the quarter, compared to the consensus estimate of $22.30 million. Perma-Fix Environmental Services had a return on equity of 2.38% and a net margin of 0.54%. As a group, sell-side analysts forecast that Perma-Fix Environmental Services will post -0.11 earnings per share for the current year.

Institutional Investors Weigh In On Perma-Fix Environmental Services

Several large investors have recently made changes to their positions in PESI. Essex Investment Management Co. LLC boosted its position in Perma-Fix Environmental Services by 1.6% during the 1st quarter. Essex Investment Management Co. LLC now owns 189,450 shares of the industrial products company’s stock worth $2,253,000 after acquiring an additional 2,914 shares during the period. Quadrature Capital Ltd grew its position in Perma-Fix Environmental Services by 11.6% in the 4th quarter. Quadrature Capital Ltd now owns 34,029 shares of the industrial products company’s stock valued at $267,000 after buying an additional 3,545 shares in the last quarter. Barclays PLC acquired a new position in Perma-Fix Environmental Services during the 3rd quarter valued at about $69,000. Acadian Asset Management LLC bought a new stake in shares of Perma-Fix Environmental Services during the 3rd quarter worth about $102,000. Finally, Fermata Advisors LLC acquired a new stake in shares of Perma-Fix Environmental Services in the 4th quarter worth approximately $90,000. 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.