Perma-Fix Environmental Services (NASDAQ:PESI) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.79 and traded as high as $14.40. Perma-Fix Environmental Services shares last traded at $14.05, with a volume of 62,260 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Perma-Fix Environmental Services in a research report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Perma-Fix Environmental Services has an average rating of “Sell”.

Perma-Fix Environmental Services Stock Performance

The company has a debt-to-equity ratio of 0.03, a current ratio of 1.77 and a quick ratio of 1.72. The firm has a market capitalization of $246.13 million, a PE ratio of -20.14 and a beta of 0.40. The firm has a fifty day moving average price of $14.30 and a 200 day moving average price of $12.81.

Institutional Trading of Perma-Fix Environmental Services

Institutional investors have recently added to or reduced their stakes in the business. ARS Investment Partners LLC boosted its stake in Perma-Fix Environmental Services by 1.2% during the 2nd quarter. ARS Investment Partners LLC now owns 84,225 shares of the industrial products company’s stock valued at $886,000 after purchasing an additional 986 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in 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 buying an additional 1,515 shares in the last quarter. Geode Capital Management LLC increased its stake in Perma-Fix Environmental Services by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 422,890 shares of the industrial products company’s stock valued at $5,325,000 after acquiring an additional 1,655 shares during the period. BNP Paribas Financial Markets raised its holdings in 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 acquiring an additional 1,699 shares in the last quarter. Finally, Barclays PLC raised its holdings in Perma-Fix Environmental Services by 10.7% in the 4th quarter. Barclays PLC now owns 26,981 shares of the industrial products company’s stock valued at $340,000 after acquiring an additional 2,612 shares in the last quarter. 25.52% of the stock is currently owned by institutional investors and hedge funds.

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.