Perma-Fix Environmental Services (NASDAQ:PESI) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Shares of Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $12.92 and traded as high as $18.07. Perma-Fix Environmental Services shares last traded at $17.80, with a volume of 273,079 shares changing hands.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Weiss Ratings raised shares of Perma-Fix Environmental Services from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, June 25th. Wall Street Zen downgraded Perma-Fix Environmental Services from a “sell” rating to a “strong sell” rating in a research note on Sunday, May 17th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Perma-Fix Environmental Services Trading Up 0.8%

The company has a current ratio of 1.25, a quick ratio of 1.17 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $377.36 million, a P/E ratio of -18.54 and a beta of 0.46. The business’s fifty day simple moving average is $13.42 and its two-hundred day simple moving average is $12.92.

Perma-Fix Environmental Services (NASDAQ:PESI) last released its earnings results on Thursday, May 7th. The industrial products company reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.16). Perma-Fix Environmental Services had a negative net margin of 30.06% and a negative return on equity of 28.55%. The company had revenue of $11.13 million during the quarter, compared to the consensus estimate of $12.95 million.

Institutional Investors Weigh In On Perma-Fix Environmental Services

Several institutional investors and hedge funds have recently bought and sold shares of PESI. BNP Paribas Financial Markets boosted its position 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 acquiring an additional 1,699 shares in the last quarter. Capital Advisors Ltd. LLC bought a new stake in shares of Perma-Fix Environmental Services in the 1st quarter valued at approximately $53,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Perma-Fix Environmental Services by 18.2% in the 1st 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. Cubist Systematic Strategies LLC bought a new position in shares of Perma-Fix Environmental Services during the 1st quarter worth approximately $77,000. Finally, MetLife Investment Management LLC grew its position in Perma-Fix Environmental Services by 171.6% in the fourth quarter. MetLife Investment Management LLC now owns 9,154 shares of the industrial products company’s stock valued at $115,000 after acquiring an additional 5,784 shares during the period. Institutional investors 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.