Posted by Defense World Staff on Jun 4th, 2024 
Craig Hallum started coverage on shares of Perma-Fix Environmental Services (NASDAQ:PESI – Free Report) in a research note issued to investors on Monday morning, MarketBeat.com reports. The firm issued a buy rating and a $18.00 target price on the industrial products company’s stock.
Several other research firms have also recently weighed in on PESI. TheStreet upgraded shares of Perma-Fix Environmental Services from a d+ rating to a c- rating in a research report on Thursday, February 22nd. StockNews.com cut shares of Perma-Fix Environmental Services from a hold rating to a sell rating in a report on Monday, May 27th.
Get Our Latest Analysis on PESI
Shares of Perma-Fix Environmental Services stock opened at $9.95 on Monday. The company has a 50 day moving average of $11.60 and a 200-day moving average of $9.42. Perma-Fix Environmental Services has a 1-year low of $6.51 and a 1-year high of $14.17. The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 0.07. The company has a market cap of $136.61 million, a PE ratio of -49.75 and a beta of 0.46.
Perma-Fix Environmental Services (NASDAQ:PESI – Get Free Report) last issued its quarterly earnings data on Thursday, May 9th. The industrial products company reported ($0.25) EPS for the quarter, meeting the consensus estimate of ($0.25). The business had revenue of $13.62 million during the quarter, compared to the consensus estimate of $16.40 million. Perma-Fix Environmental Services had a negative net margin of 3.20% and a negative return on equity of 5.82%. During the same quarter in the prior year, the firm earned ($0.02) EPS. As a group, equities research analysts forecast that Perma-Fix Environmental Services will post -0.11 earnings per share for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in PESI. Essex Investment Management Co. LLC bought a new stake in Perma-Fix Environmental Services in the third quarter worth about $1,520,000. Citigroup Inc. purchased a new position in shares of Perma-Fix Environmental Services in the third quarter worth about $383,000. Bailard Inc. purchased a new position in shares of Perma-Fix Environmental Services in the fourth quarter worth about $249,000. Quadrature Capital Ltd purchased a new position in shares of Perma-Fix Environmental Services in the third quarter worth about $318,000. Finally, Legato Capital Management LLC increased its stake in shares of Perma-Fix Environmental Services by 37.3% in the fourth quarter. Legato Capital Management LLC now owns 75,031 shares of the industrial products company’s stock worth $590,000 after purchasing an additional 20,396 shares in the last quarter. Institutional investors own 25.52% of the company’s stock.
(Get Free Report)
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.
Receive News & Ratings for Perma-Fix Environmental Services Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Perma-Fix Environmental Services and related companies with MarketBeat.com’s FREE daily email newsletter.
Proficient Auto Logistics (NASDAQ:PAL) Receives New Coverage from Analysts at Stifel Nicolaus
Hello Group (NASDAQ:MOMO) Downgraded by JPMorgan Chase & Co. to “Neutral”