Perma-Fix Environmental Services (NASDAQ:PESI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Perma-Fix Environmental Services (NASDAQ:PESI) from a strong sell rating to a sell rating in a research note published on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings raised shares of Perma-Fix Environmental Services from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, June 25th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Perma-Fix Environmental Services Stock Performance

NASDAQ:PESI opened at $18.28 on Friday. The company has a current ratio of 1.67, a quick ratio of 1.58 and a debt-to-equity ratio of 0.05. Perma-Fix Environmental Services has a 12-month low of $8.14 and a 12-month high of $21.32. The stock has a 50-day moving average price of $17.06 and a 200 day moving average price of $13.54. The stock has a market capitalization of $387.90 million, a P/E ratio of -16.18 and a beta of 0.47.

Perma-Fix Environmental Services (NASDAQ:PESI) last posted its quarterly earnings results on Wednesday, August 12th. The industrial products company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.01). Perma-Fix Environmental Services had a negative return on equity of 35.46% and a negative net margin of 37.04%.The business had revenue of $12.89 million during the quarter, compared to analysts’ expectations of $12.90 million.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of PESI. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in Perma-Fix Environmental Services during the second quarter valued at $9,182,000. Potomac Capital Management Inc. purchased a new position in shares of Perma-Fix Environmental Services in the 4th quarter worth $4,303,000. Rothschild Wealth LLC purchased a new position in shares of Perma-Fix Environmental Services in the 4th quarter worth $2,094,000. North Star Investment Management Corp. grew its stake in shares of Perma-Fix Environmental Services by 2,639.4% in the 1st quarter. North Star Investment Management Corp. now owns 120,532 shares of the industrial products company’s stock worth $1,288,000 after buying an additional 116,132 shares in the last quarter. Finally, MYDA Advisors LLC increased its holdings in shares of Perma-Fix Environmental Services by 100.0% in the 4th quarter. MYDA Advisors LLC now owns 100,000 shares of the industrial products company’s stock worth $1,259,000 after buying an additional 50,000 shares during the last quarter. 25.52% of the stock is owned by hedge funds and other institutional investors.

Perma-Fix Environmental Services Company Profile

Perma-Fix Environmental Services, Inc is an environmental services company that specializes in the treatment, processing and disposal of nuclear and other hazardous waste. The company provides solutions for radioactive, mixed and chemically hazardous waste streams, helping customers manage materials that require specialized handling, treatment and regulatory compliance.

Its services include waste characterization, transportation coordination, treatment, stabilization, decontamination and disposal.