Perma-Fix Environmental Services (NASDAQ:PESI) Share Price Passes Above 200 Day Moving Average – Here’s Why

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.79 and traded as high as $14.40. Perma-Fix Environmental Services shares last traded at $14.05, with a volume of 62,260 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Perma-Fix Environmental Services in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Perma-Fix Environmental Services currently has a consensus rating of “Sell”.

Perma-Fix Environmental Services Stock Up 0.7%

The company has a debt-to-equity ratio of 0.03, a current ratio of 1.77 and a quick ratio of 1.72. The stock has a market capitalization of $260.21 million, a PE ratio of -21.29 and a beta of 0.40. The company has a 50 day moving average price of $14.26 and a 200-day moving average price of $12.79.

Institutional Investors Weigh In On Perma-Fix Environmental Services

Several institutional investors and hedge funds have recently modified their holdings of PESI. Mak Capital One LLC grew its holdings in shares of Perma-Fix Environmental Services by 780.7% during the 3rd quarter. Mak Capital One LLC now owns 815,576 shares of the industrial products company’s stock worth $8,237,000 after acquiring an additional 722,966 shares during the period. Potomac Capital Management Inc. bought a new stake in Perma-Fix Environmental Services during the fourth quarter worth about $4,303,000. Rothschild Wealth LLC purchased a new stake in Perma-Fix Environmental Services in the fourth quarter worth about $2,094,000. Jane Street Group LLC increased its stake in shares of Perma-Fix Environmental Services by 147.8% during the fourth quarter. Jane Street Group LLC now owns 144,239 shares of the industrial products company’s stock valued at $1,816,000 after purchasing an additional 86,038 shares in the last quarter. Finally, Informed Momentum Co LLC purchased a new position in shares of Perma-Fix Environmental Services during the fourth quarter valued at approximately $816,000. 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.