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Perma-Fix Environmental Services (NASDAQ:PESI) Stock Passes Above 200 Day Moving Average - Time to 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 Friday . The stock has a 200-day moving average of $11.37 and traded as high as $15.62. Perma-Fix Environmental Services shares last traded at $15.08, with a volume of 96,856 shares changing hands.

Wall Street Analyst Weigh In

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

Read Our Latest Research Report on Perma-Fix Environmental Services

Perma-Fix Environmental Services Price Performance

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 of $12.70 and a 200 day moving average of $11.37. The firm has a market capitalization of $238.28 million, a P/E ratio of -30.16 and a beta of 0.48.

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

Hedge Funds Weigh In On Perma-Fix Environmental Services

Institutional investors have recently added to or reduced their stakes in the business. Fermata Advisors LLC raised its position in Perma-Fix Environmental Services by 22.9% during 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 during the last quarter. Bank of New York Mellon Corp purchased a new position in Perma-Fix Environmental Services in the second quarter worth about $338,000. Van ECK Associates Corp purchased a new position in Perma-Fix Environmental Services in the 2nd quarter worth approximately $1,641,000. Rhumbline Advisers purchased a new position in shares of Perma-Fix Environmental Services in the second quarter worth $134,000. Finally, Thompson Siegel & Walmsley LLC bought a new position in Perma-Fix Environmental Services during the 2nd quarter valued at about $2,421,000. 25.52% of the stock is currently owned by institutional investors.

Perma-Fix Environmental Services Company Profile

(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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