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Perma-Fix Environmental Services (NASDAQ:PESI) Shares Cross Above Two Hundred Day Moving Average - Should You Sell?

Perma-Fix Environmental Services logo with Industrial Products background

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-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 traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Perma-Fix Environmental Services to a "sell" rating in a research report on Saturday, November 9th.

Read Our Latest Report on PESI

Perma-Fix Environmental Services Stock Down 3.8 %

The firm has a market cap of $213.55 million, a PE ratio of -12.87 and a beta of 0.48. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.42 and a quick ratio of 1.37. The business's 50 day moving average price is $13.21 and its 200 day moving average price is $11.47.

Hedge Funds Weigh In On Perma-Fix Environmental Services

Hedge funds have recently made changes to their positions in the stock. Fermata Advisors LLC raised its holdings in shares of Perma-Fix Environmental Services by 22.9% in the 2nd quarter. Fermata Advisors LLC now owns 15,086 shares of the industrial products company's stock valued at $153,000 after purchasing an additional 2,811 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Perma-Fix Environmental Services in the second quarter valued at about $338,000. Van ECK Associates Corp purchased a new stake in shares of Perma-Fix Environmental Services in the second quarter valued at about $1,641,000. Rhumbline Advisers acquired a new position in shares of Perma-Fix Environmental Services in the second quarter valued at approximately $134,000. Finally, Thompson Siegel & Walmsley LLC acquired a new position in shares of Perma-Fix Environmental Services in the second quarter valued at approximately $2,421,000. Hedge funds and other 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.

Further Reading

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