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Perma-Fix Environmental Services (NASDAQ:PESI) Share Price Passes Above 200-Day Moving Average - Here's What Happened

Perma-Fix Environmental Services logo with Industrial Products background

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.20 and traded as high as $14.80. Perma-Fix Environmental Services shares last traded at $13.42, with a volume of 106,866 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com raised Perma-Fix Environmental Services to a "sell" rating in a research report on Friday.

Check Out Our Latest Research Report on PESI

Perma-Fix Environmental Services Stock Up 10.6 %

The company has a current ratio of 1.56, a quick ratio of 1.52 and a debt-to-equity ratio of 0.05. The business has a 50-day moving average price of $12.22 and a 200-day moving average price of $11.22. The firm has a market cap of $234.49 million, a P/E ratio of -29.80 and a beta of 0.49.

Perma-Fix Environmental Services (NASDAQ:PESI - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The industrial products company reported ($0.26) earnings per share (EPS) for the quarter. Perma-Fix Environmental Services had a negative return on equity of 15.78% and a negative net margin of 9.82%. The firm had revenue of $13.99 million for the quarter.

Institutional Investors Weigh In On Perma-Fix Environmental Services

A number of institutional investors have recently added to or reduced their stakes in the stock. Thompson Siegel & Walmsley LLC bought a new stake in Perma-Fix Environmental Services during the second quarter valued at about $2,421,000. Essex Investment Management Co. LLC boosted its position in Perma-Fix Environmental Services by 1.6% during the first quarter. Essex Investment Management Co. LLC now owns 189,450 shares of the industrial products company's stock valued at $2,253,000 after purchasing an additional 2,914 shares in the last quarter. Van ECK Associates Corp bought a new stake in Perma-Fix Environmental Services during the second quarter valued at about $1,641,000. Dimensional Fund Advisors LP boosted its position in Perma-Fix Environmental Services by 21.6% during the second quarter. Dimensional Fund Advisors LP now owns 78,506 shares of the industrial products company's stock valued at $795,000 after purchasing an additional 13,949 shares in the last quarter. Finally, Apis Capital Advisors LLC boosted its position in Perma-Fix Environmental Services by 30.4% during the second quarter. Apis Capital Advisors LLC now owns 60,000 shares of the industrial products company's stock valued at $608,000 after purchasing an additional 14,000 shares in the last quarter. Institutional investors own 25.52% of the company's stock.

About Perma-Fix Environmental Services

(Get Free Report)

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.

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