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 report published on Saturday.

Perma-Fix Environmental Services Trading Down 1.5 %

Shares of PESI stock traded down $0.23 during trading hours on Friday, reaching $15.08. 96,856 shares of the stock were exchanged, compared to its average volume of 98,290. Perma-Fix Environmental Services has a 12-month low of $6.51 and a 12-month high of $16.25. The company has a current ratio of 1.56, a quick ratio of 1.52 and a debt-to-equity ratio of 0.05. The company’s 50-day moving average price is $12.70 and its 200-day moving average price is $11.37. The firm has a market capitalization of $238.28 million, a price-to-earnings ratio of -30.16 and a beta of 0.48.

Perma-Fix Environmental Services (NASDAQ:PESI) last released its quarterly earnings results on Thursday, August 8th. The industrial products company reported ($0.26) 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 firm had revenue of $13.99 million for the quarter.

Hedge Funds Weigh In On Perma-Fix Environmental Services

A number of large investors have recently made changes to their positions in the company. Marshall Wace LLP purchased a new stake in Perma-Fix Environmental Services in the 2nd quarter valued at about $110,000. Rhumbline Advisers purchased a new stake in Perma-Fix Environmental Services in the 2nd quarter valued at about $134,000. Fermata Advisors LLC boosted its position in 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 valued at $153,000 after buying an additional 2,811 shares during the period. Thompson Davis & CO. Inc. boosted its position in Perma-Fix Environmental Services by 20.7% in the 3rd quarter. Thompson Davis & CO. Inc. now owns 14,305 shares of the industrial products company’s stock valued at $176,000 after buying an additional 2,450 shares during the period. Finally, Quent Capital LLC purchased a new stake in Perma-Fix Environmental Services in the 3rd quarter valued at about $198,000. 25.52% of the stock is owned by hedge funds and other institutional investors.

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.