Perma-Fix Environmental Services (NASDAQ:PESI) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.68 and traded as high as $12.79. Perma-Fix Environmental Services shares last traded at $12.66, with a volume of 45,974 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Perma-Fix Environmental Services in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Perma-Fix Environmental Services Price Performance

The firm has a 50 day moving average price of $13.25 and a 200 day moving average price of $11.69. The stock has a market capitalization of $234.94 million, a PE ratio of -19.27 and a beta of 0.36. The company has a current ratio of 1.77, a quick ratio of 1.72 and a debt-to-equity ratio of 0.03.

Perma-Fix Environmental Services (NASDAQ:PESI) last issued its quarterly earnings results on Monday, November 10th. The industrial products company reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.02. The business had revenue of $17.45 million during the quarter, compared to analysts’ expectations of $16.30 million. Perma-Fix Environmental Services had a negative return on equity of 19.45% and a negative net margin of 19.15%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. boosted its stake in Perma-Fix Environmental Services by 14.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 46,244 shares of the industrial products company’s stock valued at $336,000 after buying an additional 6,009 shares during the last quarter. Nuveen LLC purchased a new stake in Perma-Fix Environmental Services during the first quarter valued at approximately $123,000. CW Advisors LLC bought a new stake in shares of Perma-Fix Environmental Services in the 1st quarter valued at approximately $149,000. Corebridge Financial Inc. increased its position in shares of Perma-Fix Environmental Services by 14.7% during the 1st quarter. Corebridge Financial Inc. now owns 8,284 shares of the industrial products company’s stock valued at $60,000 after purchasing an additional 1,061 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in Perma-Fix Environmental Services during the 1st quarter valued at $77,000. 25.52% of the stock is owned by hedge funds and other institutional investors.

About Perma-Fix Environmental Services

Perma-Fix Environmental Services, Inc (NASDAQ: PESI) is a specialized provider of environmental and nuclear waste management solutions. The company offers a comprehensive suite of services, including treatment, recycling, processing, volume reduction and disposal of hazardous, radioactive and mixed wastes. Its capabilities span thermal, chemical and physical treatment technologies, supported by a network of licensed facilities designed to handle complex waste streams.

Founded in 1994 and headquartered in Atlanta, Georgia, Perma-Fix has grown both organically and through strategic acquisitions.