Perma-Fix Environmental Services (NASDAQ:PESI) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.54 and traded as high as $10.60. Perma-Fix Environmental Services shares last traded at $10.36, with a volume of 118,368 shares.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Perma-Fix Environmental Services from a “sell” rating to a “hold” rating in a report on Friday, June 6th.

Perma-Fix Environmental Services Stock Up 0.2%

The stock has a market capitalization of $191.09 million, a PE ratio of -9.50 and a beta of 0.30. The firm’s fifty day moving average is $8.97 and its 200-day moving average is $9.54. The company has a quick ratio of 1.37, a current ratio of 1.42 and a debt-to-equity ratio of 0.06.

Perma-Fix Environmental Services (NASDAQ:PESI) last issued its earnings results on Thursday, May 8th. The industrial products company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.05). Perma-Fix Environmental Services had a negative net margin of 24.44% and a negative return on equity of 21.69%. The company had revenue of $13.92 million during the quarter, compared to analysts’ expectations of $15.30 million. During the same period last year, the business posted ($0.25) earnings per share.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in PESI. Rhumbline Advisers increased its holdings in Perma-Fix Environmental Services by 23.5% in the fourth quarter. Rhumbline Advisers now owns 14,533 shares of the industrial products company’s stock valued at $161,000 after buying an additional 2,766 shares in the last quarter. New York State Common Retirement Fund increased its holdings in Perma-Fix Environmental Services by 4,300.0% in the fourth quarter. New York State Common Retirement Fund now owns 4,400 shares of the industrial products company’s stock valued at $49,000 after buying an additional 4,300 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Perma-Fix Environmental Services by 13.8% in the fourth quarter. Bank of New York Mellon Corp now owns 32,126 shares of the industrial products company’s stock valued at $356,000 after buying an additional 3,899 shares in the last quarter. Prescott Group Capital Management L.L.C. increased its holdings in Perma-Fix Environmental Services by 4.2% in the fourth quarter. Prescott Group Capital Management L.L.C. now owns 746,942 shares of the industrial products company’s stock valued at $8,269,000 after buying an additional 30,000 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC grew its position in shares of Perma-Fix Environmental Services by 5.2% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 215,600 shares of the industrial products company’s stock valued at $2,387,000 after purchasing an additional 10,741 shares during the last quarter. 25.52% of the stock is owned by hedge funds and other 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.