Perma-Fix Environmental Services (NASDAQ:PESI) Stock Passes Above 200 Day Moving Average – Here’s Why

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.10 and traded as high as $14.56. Perma-Fix Environmental Services shares last traded at $14.40, with a volume of 52,040 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Perma-Fix Environmental Services to a “sell” rating in a research note on Wednesday, October 16th.

Perma-Fix Environmental Services Trading Down 0.4 %

The firm has a market capitalization of $227.99 million, a price-to-earnings ratio of -28.86 and a beta of 0.49. The company has a fifty day moving average price of $11.91 and a 200-day moving average price of $11.14. The company has a current ratio of 1.56, a quick ratio of 1.52 and a debt-to-equity ratio of 0.05.

Perma-Fix Environmental Services (NASDAQ:PESI) last posted its earnings results on Thursday, August 8th. The industrial products company reported ($0.26) earnings per share (EPS) for the quarter. Perma-Fix Environmental Services had a negative net margin of 9.82% and a negative return on equity of 15.78%. The business had revenue of $13.99 million during the quarter.

Institutional Investors Weigh In On Perma-Fix Environmental Services

Large investors have recently bought and sold shares of the business. Fermata Advisors LLC boosted its position in Perma-Fix Environmental Services by 22.9% during the second quarter. Fermata Advisors LLC now owns 15,086 shares of the industrial products company’s stock worth $153,000 after purchasing an additional 2,811 shares during the period. Essex Investment Management Co. LLC boosted its holdings in shares of Perma-Fix Environmental Services by 1.6% during the 1st quarter. Essex Investment Management Co. LLC now owns 189,450 shares of the industrial products company’s stock worth $2,253,000 after buying an additional 2,914 shares during the period. Quadrature Capital Ltd boosted its holdings in shares of Perma-Fix Environmental Services by 11.6% during the 4th quarter. Quadrature Capital Ltd now owns 34,029 shares of the industrial products company’s stock worth $267,000 after buying an additional 3,545 shares during the period. Marshall Wace LLP acquired a new position in Perma-Fix Environmental Services in the 2nd quarter valued at $110,000. Finally, Rhumbline Advisers bought a new position in Perma-Fix Environmental Services in the 2nd quarter worth $134,000. 25.52% of the stock is currently owned by institutional investors.

About Perma-Fix Environmental Services

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.