StockNews.com Downgrades Perma-Fix Environmental Services (NASDAQ:PESI) to Hold

StockNews.com lowered shares of Perma-Fix Environmental Services (NASDAQ:PESI) from a buy rating to a hold rating in a research note published on Tuesday.

Separately, TheStreet raised Perma-Fix Environmental Services from a d+ rating to a c- rating in a research note on Thursday, February 22nd.

Perma-Fix Environmental Services Stock Performance

Shares of Perma-Fix Environmental Services stock opened at $10.85 on Tuesday. Perma-Fix Environmental Services has a 52 week low of $6.51 and a 52 week high of $14.17. The business’s fifty day simple moving average is $9.86 and its 200-day simple moving average is $8.86. The firm has a market cap of $148.32 million, a PE ratio of 361.79 and a beta of 0.52. The company has a quick ratio of 1.13, a current ratio of 1.18 and a debt-to-equity ratio of 0.07.

Perma-Fix Environmental Services (NASDAQ:PESI) last announced its quarterly earnings results on Wednesday, March 13th. The industrial products company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.03 by $0.01. Perma-Fix Environmental Services had a return on equity of 2.38% and a net margin of 0.54%. The business had revenue of $22.72 million for the quarter, compared to analyst estimates of $22.30 million. Equities analysts forecast that Perma-Fix Environmental Services will post -0.11 earnings per share for the current year.

Institutional Investors Weigh In On Perma-Fix Environmental Services

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Perma-Fix Environmental Services by 8.8% in the 4th quarter. Vanguard Group Inc. now owns 590,041 shares of the industrial products company’s stock valued at $4,638,000 after buying an additional 47,814 shares during the period. Potomac Capital Management Inc. raised its holdings in shares of Perma-Fix Environmental Services by 34.6% in the 1st quarter. Potomac Capital Management Inc. now owns 324,000 shares of the industrial products company’s stock valued at $3,817,000 after buying an additional 83,320 shares during the period. BlackRock Inc. raised its holdings in shares of Perma-Fix Environmental Services by 1.9% in the 2nd quarter. BlackRock Inc. now owns 306,590 shares of the industrial products company’s stock valued at $3,366,000 after buying an additional 5,829 shares during the period. Morgan Dempsey Capital Management LLC raised its holdings in shares of Perma-Fix Environmental Services by 1,146.7% in the 1st quarter. Morgan Dempsey Capital Management LLC now owns 253,143 shares of the industrial products company’s stock valued at $1,400,000 after buying an additional 232,838 shares during the period. Finally, Essex Investment Management Co. LLC raised its holdings in shares of Perma-Fix Environmental Services by 28.2% in the 4th quarter. Essex Investment Management Co. LLC now owns 186,536 shares of the industrial products company’s stock valued at $1,466,000 after buying an additional 41,051 shares during the period. Hedge funds and other institutional investors own 25.52% of the company’s stock.

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.