Perma-Fix Environmental Services (NASDAQ:PESI) Downgraded by StockNews.com

StockNews.com cut shares of Perma-Fix Environmental Services (NASDAQ:PESI) from a buy rating to a hold rating in a report published on Tuesday morning.

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

Perma-Fix Environmental Services Trading Up 3.7 %

Shares of PESI opened at $11.25 on Tuesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.13 and a current ratio of 1.18. Perma-Fix Environmental Services has a fifty-two week low of $6.51 and a fifty-two week high of $14.17. The firm has a 50 day moving average price of $9.93 and a 200-day moving average price of $8.87. The firm has a market cap of $153.80 million, a price-to-earnings ratio of 375.00 and a beta of 0.52.

Perma-Fix Environmental Services (NASDAQ:PESI) last posted its quarterly earnings results on Wednesday, March 13th. The industrial products company reported $0.04 earnings per share (EPS) for the quarter, beating 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 business had revenue of $22.72 million during the quarter, compared to analyst estimates of $22.30 million. As a group, equities research analysts forecast that Perma-Fix Environmental Services will post -0.11 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC purchased a new position in shares of Perma-Fix Environmental Services during the second quarter valued at approximately $33,000. Qube Research & Technologies Ltd bought a new position in Perma-Fix Environmental Services in the 3rd quarter worth $34,000. UBS Group AG purchased a new stake in shares of Perma-Fix Environmental Services in the 3rd quarter worth about $39,000. Barclays PLC bought a new stake in shares of Perma-Fix Environmental Services during the 3rd quarter valued at about $69,000. Finally, Acadian Asset Management LLC purchased a new position in shares of Perma-Fix Environmental Services during the third quarter valued at about $102,000. Hedge funds and other institutional investors own 25.52% of the company’s stock.

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.