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

Shares of Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.12 and traded as high as $12.52. Perma-Fix Environmental Services shares last traded at $12.19, with a volume of 179,066 shares.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Perma-Fix Environmental Services in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Perma-Fix Environmental Services Price Performance

The firm has a market cap of $225.73 million, a PE ratio of -10.79 and a beta of 0.25. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.04 and a quick ratio of 1.97. The firm has a 50-day simple moving average of $11.52 and a 200 day simple moving average of $11.12.

Perma-Fix Environmental Services (NASDAQ:PESI) last released its earnings results on Monday, November 10th. The industrial products company reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.02. The firm had revenue of $17.45 million for the quarter, compared to analysts’ expectations of $16.30 million. Perma-Fix Environmental Services had a negative return on equity of 21.73% and a negative net margin of 31.25%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets grew its stake in shares of Perma-Fix Environmental Services by 102.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,350 shares of the industrial products company’s stock worth $34,000 after buying an additional 1,699 shares in the last quarter. North Star Investment Management Corp. bought a new stake in shares of Perma-Fix Environmental Services in the third quarter valued at about $44,000. Corebridge Financial Inc. lifted its position in shares of Perma-Fix Environmental Services by 14.7% in the 1st quarter. Corebridge Financial Inc. now owns 8,284 shares of the industrial products company’s stock worth $60,000 after purchasing an additional 1,061 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Perma-Fix Environmental Services by 18.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,849 shares of the industrial products company’s stock worth $72,000 after buying an additional 1,515 shares during the period. Finally, Pale Fire Capital SE purchased a new position in Perma-Fix Environmental Services in the first quarter valued at about $73,000. 25.52% of the stock is owned by hedge funds and other 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.