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

StockNews.com upgraded shares of Perma-Fix Environmental Services (NASDAQ:PESI) to a sell rating in a research note published on Friday morning.

Perma-Fix Environmental Services Price Performance

NASDAQ:PESI traded up $1.42 during mid-day trading on Friday, reaching $14.84. The stock had a trading volume of 350,717 shares, compared to its average volume of 97,052. The stock has a market capitalization of $234.49 million, a P/E ratio of -29.68 and a beta of 0.49. The firm has a 50 day moving average price of $12.30 and a two-hundred day moving average price of $11.24. 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 one year low of $6.51 and a one year high of $16.25.

Perma-Fix Environmental Services (NASDAQ:PESI) last announced its quarterly earnings data on Thursday, August 8th. The industrial products company reported ($0.26) earnings per share 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 business had revenue of $13.99 million during the quarter.

Institutional Investors Weigh In On Perma-Fix Environmental Services

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fermata Advisors LLC increased its position in shares of 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 acquiring an additional 2,811 shares during the period. Essex Investment Management Co. LLC increased its holdings in Perma-Fix Environmental Services by 1.6% during 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. Marshall Wace LLP bought a new position in Perma-Fix Environmental Services during the 2nd quarter valued at approximately $110,000. Rhumbline Advisers purchased a new stake in Perma-Fix Environmental Services in the 2nd quarter worth approximately $134,000. Finally, Dimensional Fund Advisors LP grew its position in shares of Perma-Fix Environmental Services by 21.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 78,506 shares of the industrial products company’s stock worth $795,000 after buying an additional 13,949 shares during the last quarter. 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.