Perma-Fix Environmental Services (NASDAQ:PESI) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $11.45 and traded as high as $14.08. Perma-Fix Environmental Services shares last traded at $14.03, with a volume of 114,019 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com upgraded Perma-Fix Environmental Services to a “sell” rating in a research note on Saturday, November 9th.

Perma-Fix Environmental Services Stock Performance

The stock has a market cap of $234.44 million, a price-to-earnings ratio of -14.25 and a beta of 0.48. The company’s fifty day simple moving average is $13.28 and its two-hundred day simple moving average is $11.49. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.42 and a quick ratio of 1.37.

Hedge Funds Weigh In On Perma-Fix Environmental Services

Several large investors have recently added to or reduced their stakes in PESI. Barclays PLC raised its stake in shares of Perma-Fix Environmental Services by 388.2% in the third quarter. Barclays PLC now owns 20,806 shares of the industrial products company’s stock worth $256,000 after purchasing an additional 16,544 shares during the last quarter. Geode Capital Management LLC grew its holdings in Perma-Fix Environmental Services by 14.0% during the third quarter. Geode Capital Management LLC now owns 325,173 shares of the industrial products company’s stock worth $3,991,000 after buying an additional 39,977 shares in the last quarter. Jane Street Group LLC purchased a new stake in Perma-Fix Environmental Services in the 3rd quarter valued at $149,000. Wolverine Trading LLC lifted its stake in Perma-Fix Environmental Services by 36.9% during the 3rd quarter. Wolverine Trading LLC now owns 20,816 shares of the industrial products company’s stock valued at $255,000 after acquiring an additional 5,616 shares in the last quarter. Finally, State Street Corp boosted its holdings in Perma-Fix Environmental Services by 14.3% during the 3rd quarter. State Street Corp now owns 168,644 shares of the industrial products company’s stock worth $2,069,000 after acquiring an additional 21,040 shares during the last quarter. Institutional investors own 25.52% of the company’s stock.

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.