Perma-Fix Environmental Services (NASDAQ:PESI) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.80 and traded as high as $9.85. Perma-Fix Environmental Services shares last traded at $9.61, with a volume of 159,573 shares.

Wall Street Analyst Weigh In

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

Perma-Fix Environmental Services Stock Up 1.3%

The company has a current ratio of 2.04, a quick ratio of 1.97 and a debt-to-equity ratio of 0.03. The firm has a market cap of $177.50 million, a P/E ratio of -8.50 and a beta of 0.28. The company’s 50 day simple moving average is $11.12 and its 200-day simple moving average is $9.80.

Perma-Fix Environmental Services (NASDAQ:PESI) last issued its quarterly earnings data on Thursday, August 7th. The industrial products company reported ($0.14) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.14). The company had revenue of $14.59 million for the quarter, compared to the consensus estimate of $16.40 million. Perma-Fix Environmental Services had a negative net margin of 31.25% and a negative return on equity of 21.73%.

Hedge Funds Weigh In On Perma-Fix Environmental Services

Several hedge funds and other institutional investors have recently modified their holdings of the company. Jane Street Group LLC bought a new position in shares of Perma-Fix Environmental Services during the 2nd quarter valued at $232,000. Pale Fire Capital SE lifted its holdings in Perma-Fix Environmental Services by 154.9% in the second quarter. Pale Fire Capital SE now owns 25,689 shares of the industrial products company’s stock valued at $270,000 after acquiring an additional 15,609 shares during the period. Marshall Wace LLP bought a new position in Perma-Fix Environmental Services in the second quarter valued at about $194,000. CW Advisors LLC lifted its stake in shares of Perma-Fix Environmental Services by 48.8% in the 2nd quarter. CW Advisors LLC now owns 30,500 shares of the industrial products company’s stock worth $321,000 after purchasing an additional 10,000 shares during the period. Finally, XTX Topco Ltd bought a new position in shares of Perma-Fix Environmental Services in the 2nd quarter worth approximately $199,000. 25.52% of the stock is owned by institutional investors.

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.