Perma-Fix Environmental Services (NASDAQ:PESI) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $11.36 and traded as high as $14.00. Perma-Fix Environmental Services shares last traded at $13.87, with a volume of 98,366 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Perma-Fix Environmental Services in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Perma-Fix Environmental Services Stock Performance

The company has a market cap of $256.87 million, a PE ratio of -21.02 and a beta of 0.36. The stock’s 50 day simple moving average is $12.32 and its two-hundred day simple moving average is $11.36. The company has a quick ratio of 1.72, a current ratio of 1.77 and a debt-to-equity ratio of 0.03.

Perma-Fix Environmental Services (NASDAQ:PESI) last posted its quarterly earnings results on Monday, November 10th. The industrial products company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.02. Perma-Fix Environmental Services had a negative net margin of 19.15% and a negative return on equity of 19.45%. The firm had revenue of $17.45 million for the quarter, compared to analyst estimates of $16.30 million.

Institutional Investors Weigh In On Perma-Fix Environmental Services

A number of institutional investors have recently modified their holdings of the stock. Mak Capital One LLC lifted its position in Perma-Fix Environmental Services by 780.7% in the 3rd quarter. Mak Capital One LLC now owns 815,576 shares of the industrial products company’s stock valued at $8,237,000 after purchasing an additional 722,966 shares during the last quarter. Ancora Advisors LLC boosted its stake in Perma-Fix Environmental Services by 92.8% during the first quarter. Ancora Advisors LLC now owns 157,845 shares of the industrial products company’s stock valued at $1,148,000 after buying an additional 75,967 shares in the last quarter. Van ECK Associates Corp grew its holdings in Perma-Fix Environmental Services by 27.5% during the third quarter. Van ECK Associates Corp now owns 220,289 shares of the industrial products company’s stock worth $2,225,000 after acquiring an additional 47,492 shares during the period. Bank of America Corp DE raised its position in Perma-Fix Environmental Services by 431.9% in the third quarter. Bank of America Corp DE now owns 47,739 shares of the industrial products company’s stock worth $482,000 after acquiring an additional 38,764 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Perma-Fix Environmental Services by 7.3% in the 2nd quarter. Geode Capital Management LLC now owns 421,959 shares of the industrial products company’s stock valued at $4,440,000 after acquiring an additional 28,781 shares during the last quarter. 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.