StockNews.com upgraded shares of Perma-Fix Environmental Services (NASDAQ:PESI – Free Report) from a hold rating to a buy rating in a report published on Monday.
Separately, TheStreet raised Perma-Fix Environmental Services from a d+ rating to a c- rating in a report on Thursday, February 22nd.
Check Out Our Latest Stock Report on Perma-Fix Environmental Services
Perma-Fix Environmental Services Trading Up 4.6 %
Perma-Fix Environmental Services (NASDAQ:PESI – Get Free Report) last posted its quarterly earnings results 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 business had revenue of $22.72 million for the quarter, compared to analyst estimates of $22.30 million. On average, analysts forecast that Perma-Fix Environmental Services will post -0.11 earnings per share for the current fiscal year.
Institutional Trading of Perma-Fix Environmental Services
Hedge funds have recently added to or reduced their stakes in the stock. Essex Investment Management Co. LLC lifted its stake in shares of Perma-Fix Environmental Services by 1.6% in the 1st quarter. Essex Investment Management Co. LLC now owns 189,450 shares of the industrial products company’s stock valued at $2,253,000 after acquiring an additional 2,914 shares during the last quarter. Quadrature Capital Ltd raised its position in 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 last quarter. Barclays PLC acquired a new stake in shares of Perma-Fix Environmental Services during the third quarter valued at about $69,000. Acadian Asset Management LLC bought a new stake in shares of Perma-Fix Environmental Services during the third quarter worth about $102,000. Finally, Fermata Advisors LLC acquired a new position in shares of Perma-Fix Environmental Services in the fourth quarter valued at approximately $90,000. Institutional investors and hedge funds 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.
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