Perma-Fix Environmental Services (NASDAQ:PESI) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Shares of Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.20 and traded as high as $14.80. Perma-Fix Environmental Services shares last traded at $13.42, with a volume of 106,866 shares traded.

Analyst Ratings Changes

Separately, StockNews.com upgraded Perma-Fix Environmental Services to a “sell” rating in a research note on Friday.

Perma-Fix Environmental Services Stock Performance

The company has a quick ratio of 1.52, a current ratio of 1.56 and a debt-to-equity ratio of 0.05. The company’s 50 day simple moving average is $12.30 and its 200 day simple moving average is $11.24.

Perma-Fix Environmental Services (NASDAQ:PESI) last issued 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 company had revenue of $13.99 million during the quarter.

Institutional Trading of Perma-Fix Environmental Services

A number of hedge funds and other institutional investors have recently made changes to their positions in PESI. Essex Investment Management Co. LLC boosted 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 valued at $2,253,000 after purchasing an additional 2,914 shares during the period. Fermata Advisors LLC lifted its stake in Perma-Fix Environmental Services by 22.9% in the second quarter. Fermata Advisors LLC now owns 15,086 shares of the industrial products company’s stock valued at $153,000 after buying an additional 2,811 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Perma-Fix Environmental Services in the second quarter valued at approximately $338,000. Van ECK Associates Corp purchased a new position in shares of Perma-Fix Environmental Services during the second quarter worth approximately $1,641,000. Finally, Rhumbline Advisers acquired a new position in shares of Perma-Fix Environmental Services in the 2nd quarter valued at $134,000. Institutional investors and hedge funds own 25.52% of the company’s stock.

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.