Perma-Fix Environmental Services (NASDAQ:PESI) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.70 and traded as high as $13.50. Perma-Fix Environmental Services shares last traded at $13.00, with a volume of 162,916 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Perma-Fix Environmental Services in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Perma-Fix Environmental Services Trading Down 0.9%

The company has a market capitalization of $240.76 million, a PE ratio of -19.70 and a beta of 0.39. The company has a fifty day simple moving average of $14.14 and a 200-day simple moving average of $12.70. The company has a current ratio of 1.77, a quick ratio of 1.72 and a debt-to-equity ratio of 0.03.

Hedge Funds Weigh In On Perma-Fix Environmental Services

Institutional investors and hedge funds have recently bought and sold shares of the company. 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 valued at $34,000 after buying an additional 1,699 shares during the period. North Star Investment Management Corp. acquired a new position in Perma-Fix Environmental Services in the third quarter valued at approximately $44,000. MetLife Investment Management LLC lifted its holdings in Perma-Fix Environmental Services by 171.6% in the fourth quarter. MetLife Investment Management LLC now owns 9,154 shares of the industrial products company’s stock valued at $115,000 after acquiring an additional 5,784 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Perma-Fix Environmental Services by 18.2% in 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 acquiring an additional 1,515 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new stake in Perma-Fix Environmental Services during the first quarter worth $77,000. 25.52% of the stock is currently owned by institutional investors and hedge funds.

Perma-Fix Environmental Services Company Profile

Perma-Fix Environmental Services, Inc (NASDAQ: PESI) is a specialized provider of environmental and nuclear waste management solutions. The company offers a comprehensive suite of services, including treatment, recycling, processing, volume reduction and disposal of hazardous, radioactive and mixed wastes. Its capabilities span thermal, chemical and physical treatment technologies, supported by a network of licensed facilities designed to handle complex waste streams.

Founded in 1994 and headquartered in Atlanta, Georgia, Perma-Fix has grown both organically and through strategic acquisitions.