Posted by Defense World Staff on Jun 15th, 2024 
Perma-Fix Environmental Services, Inc. (NASDAQ:PESI – Get Free Report) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $9.51 and traded as high as $9.85. Perma-Fix Environmental Services shares last traded at $9.68, with a volume of 51,887 shares changing hands.
Several analysts have commented on the company. Craig Hallum assumed coverage on Perma-Fix Environmental Services in a report on Monday, June 3rd. They issued a “buy” rating and a $18.00 price objective on the stock. TheStreet raised Perma-Fix Environmental Services from a “d+” rating to a “c-” rating in a research note on Thursday, February 22nd. Finally, StockNews.com lowered Perma-Fix Environmental Services from a “hold” rating to a “sell” rating in a research note on Monday, May 27th.
Read Our Latest Stock Report on PESI
The company has a debt-to-equity ratio of 0.07, a current ratio of 1.01 and a quick ratio of 0.97. The stock has a market capitalization of $152.85 million, a price-to-earnings ratio of -48.40 and a beta of 0.46. The stock has a 50 day moving average price of $11.19 and a 200-day moving average price of $9.51.
Perma-Fix Environmental Services (NASDAQ:PESI – Get Free Report) last posted its earnings results on Thursday, May 9th. The industrial products company reported ($0.25) EPS for the quarter, meeting analysts’ consensus estimates of ($0.25). Perma-Fix Environmental Services had a negative return on equity of 5.82% and a negative net margin of 3.20%. The company had revenue of $13.62 million for the quarter, compared to the consensus estimate of $16.40 million. During the same quarter in the previous year, the business earned ($0.02) earnings per share.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Essex Investment Management Co. LLC raised its holdings 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 buying an additional 2,914 shares during the period. Legato Capital Management LLC raised its holdings in shares of Perma-Fix Environmental Services by 37.3% in the 4th quarter. Legato Capital Management LLC now owns 75,031 shares of the industrial products company’s stock valued at $590,000 after buying an additional 20,396 shares during the period. Citigroup Inc. purchased a new stake in shares of Perma-Fix Environmental Services in the 3rd quarter valued at $383,000. Quadrature Capital Ltd raised its holdings in shares of Perma-Fix Environmental Services by 11.6% in the 4th quarter. Quadrature Capital Ltd now owns 34,029 shares of the industrial products company’s stock valued at $267,000 after buying an additional 3,545 shares during the period. Finally, Bailard Inc. purchased a new stake in shares of Perma-Fix Environmental Services in the 4th quarter valued at $249,000. Hedge funds and other institutional investors own 25.52% of the company’s stock.
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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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