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

Shares of Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $12.88 and traded as high as $13.50. Perma-Fix Environmental Services shares last traded at $13.08, with a volume of 85,045 shares trading hands.

Analyst Ratings Changes

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

Perma-Fix Environmental Services Stock Performance

The firm has a 50 day moving average of $14.34 and a 200-day moving average of $12.88. The stock has a market capitalization of $242.24 million, a PE ratio of -19.82 and a beta of 0.41. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.72 and a current ratio of 1.77.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets boosted its stake in shares of Perma-Fix Environmental Services by 102.9% during 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 shares of Perma-Fix Environmental Services in the third quarter worth $44,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of 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 acquiring an additional 1,515 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Perma-Fix Environmental Services during the first quarter worth $77,000. Finally, MetLife Investment Management LLC boosted its position in Perma-Fix Environmental Services by 171.6% during the fourth quarter. MetLife Investment Management LLC now owns 9,154 shares of the industrial products company’s stock valued at $115,000 after purchasing an additional 5,784 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 (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.