Perma-Fix Environmental Services (NASDAQ:PESI) Raised to “Sell” at StockNews.com

Perma-Fix Environmental Services (NASDAQ:PESI) was upgraded by StockNews.com to a “sell” rating in a research note issued to investors on Wednesday.

Perma-Fix Environmental Services Trading Up 2.6 %

PESI traded up $0.36 on Wednesday, hitting $14.21. 102,912 shares of the company were exchanged, compared to its average volume of 95,796. The firm has a fifty day simple moving average of $11.33 and a two-hundred day simple moving average of $11.01. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.52 and a current ratio of 1.56. Perma-Fix Environmental Services has a 12 month low of $6.51 and a 12 month high of $14.22. The stock has a market capitalization of $224.35 million, a PE ratio of -71.05 and a beta of 0.49.

Perma-Fix Environmental Services (NASDAQ:PESI) last posted its quarterly 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 return on equity of 15.78% and a negative net margin of 9.82%. The company had revenue of $13.99 million for the quarter.

Institutional Investors Weigh In On Perma-Fix Environmental Services

A number of large investors have recently made changes to their positions in PESI. Quadrature Capital Ltd grew its position 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 worth $267,000 after buying an additional 3,545 shares during the last quarter. Essex Investment Management Co. LLC grew its position 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 worth $2,253,000 after buying an additional 2,914 shares during the last quarter. Fermata Advisors LLC grew its position in shares of Perma-Fix Environmental Services by 22.9% in the 2nd quarter. Fermata Advisors LLC now owns 15,086 shares of the industrial products company’s stock worth $153,000 after buying an additional 2,811 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Perma-Fix Environmental Services in the 2nd quarter worth approximately $338,000. Finally, Van ECK Associates Corp bought a new stake in shares of Perma-Fix Environmental Services in the 2nd quarter worth approximately $1,641,000. 25.52% of the stock is currently owned by institutional investors.

Perma-Fix Environmental Services Company Profile

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.