Perma-Fix Environmental Services (NASDAQ:PESI) Rating Lowered to Hold at StockNews.com

Perma-Fix Environmental Services (NASDAQ:PESI) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

Separately, TheStreet upgraded shares of Perma-Fix Environmental Services from a “d+” rating to a “c-” rating in a research note on Thursday, February 22nd.

Perma-Fix Environmental Services Price Performance

PESI opened at $10.81 on Tuesday. The company has a quick ratio of 1.13, a current ratio of 1.18 and a debt-to-equity ratio of 0.07. Perma-Fix Environmental Services has a 52-week low of $6.51 and a 52-week high of $14.17. The company has a 50 day moving average of $9.74 and a two-hundred day moving average of $8.83. The company has a market cap of $147.77 million, a P/E ratio of 360.45 and a beta of 0.52.

Perma-Fix Environmental Services (NASDAQ:PESI) last released its quarterly earnings data on Wednesday, March 13th. The industrial products company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.01. Perma-Fix Environmental Services had a net margin of 0.54% and a return on equity of 2.38%. The company had revenue of $22.72 million during the quarter, compared to the consensus estimate of $22.30 million. On average, analysts expect that Perma-Fix Environmental Services will post -0.11 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Quadrature Capital Ltd boosted its stake in shares of Perma-Fix Environmental Services by 11.6% in the fourth quarter. Quadrature Capital Ltd now owns 34,029 shares of the industrial products company’s stock valued at $267,000 after purchasing an additional 3,545 shares during the period. Vanguard Group Inc. boosted its stake in shares of Perma-Fix Environmental Services by 8.8% in the fourth quarter. Vanguard Group Inc. now owns 590,041 shares of the industrial products company’s stock valued at $4,638,000 after purchasing an additional 47,814 shares during the period. Potomac Capital Management Inc. boosted its stake in shares of Perma-Fix Environmental Services by 0.8% in the fourth quarter. Potomac Capital Management Inc. now owns 298,984 shares of the industrial products company’s stock valued at $2,350,000 after purchasing an additional 2,513 shares during the period. Bridgeway Capital Management LLC purchased a new position in shares of Perma-Fix Environmental Services in the fourth quarter valued at $174,000. Finally, Northern Trust Corp boosted its stake in shares of Perma-Fix Environmental Services by 5.6% in the fourth quarter. Northern Trust Corp now owns 26,958 shares of the industrial products company’s stock valued at $212,000 after purchasing an additional 1,419 shares during the period. 25.52% of the stock is currently owned by hedge funds and other institutional investors.

Perma-Fix Environmental Services Company Profile

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.