Perma-Fix Environmental Services (NASDAQ:PESI) Stock Rating Upgraded by StockNews.com

Perma-Fix Environmental Services (NASDAQ:PESI) was upgraded by analysts at StockNews.com to a “sell” rating in a research note issued on Tuesday.

Perma-Fix Environmental Services Trading Down 2.8 %

Perma-Fix Environmental Services stock traded down $0.21 during trading on Tuesday, reaching $7.22. The company had a trading volume of 199,443 shares, compared to its average volume of 124,972. Perma-Fix Environmental Services has a 12-month low of $6.96 and a 12-month high of $16.25. The stock’s 50 day moving average price is $9.18 and its two-hundred day moving average price is $11.35. The firm has a market capitalization of $114.42 million, a price-to-earnings ratio of -6.62 and a beta of 0.40. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.37 and a current ratio of 1.42.

Perma-Fix Environmental Services (NASDAQ:PESI) last released its earnings results on Thursday, March 13th. The industrial products company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.10). Perma-Fix Environmental Services had a negative net margin of 24.44% and a negative return on equity of 21.69%. The company had revenue of $14.70 million during the quarter, compared to analysts’ expectations of $15.80 million.

Institutional Investors Weigh In On Perma-Fix Environmental Services

Several institutional investors have recently bought and sold shares of PESI. Alyeska Investment Group L.P. purchased a new stake in Perma-Fix Environmental Services during the fourth quarter worth approximately $7,749,000. AWM Investment Company Inc. purchased a new stake in Perma-Fix Environmental Services during the fourth quarter worth approximately $4,428,000. MYDA Advisors LLC purchased a new stake in Perma-Fix Environmental Services during the fourth quarter worth approximately $2,491,000. Polar Asset Management Partners Inc. purchased a new stake in Perma-Fix Environmental Services during the fourth quarter worth approximately $1,937,000. Finally, Diamond Hill Capital Management Inc. grew its stake in Perma-Fix Environmental Services by 26.3% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 315,517 shares of the industrial products company’s stock worth $3,493,000 after buying an additional 65,761 shares during the period. 25.52% of the stock is currently owned by hedge funds and other institutional investors.

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.