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

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

Perma-Fix Environmental Services Price Performance

PESI traded down $0.21 during midday trading on Tuesday, reaching $7.22. 199,443 shares of the company’s stock were exchanged, compared to its average volume of 124,972. 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 stock has a market capitalization of $114.42 million, a PE ratio of -6.62 and a beta of 0.40. The business’s 50-day moving average price is $9.18 and its 200 day moving average price is $11.35. Perma-Fix Environmental Services has a 1-year low of $6.96 and a 1-year high of $16.25.

Perma-Fix Environmental Services (NASDAQ:PESI) last announced 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). The business had revenue of $14.70 million for the quarter, compared to analyst estimates of $15.80 million. Perma-Fix Environmental Services had a negative return on equity of 21.69% and a negative net margin of 24.44%.

Institutional Investors Weigh In On Perma-Fix Environmental Services

Hedge funds and other institutional investors have recently modified their holdings of the company. New York State Common Retirement Fund grew its holdings in shares of Perma-Fix Environmental Services by 4,300.0% during the fourth quarter. New York State Common Retirement Fund now owns 4,400 shares of the industrial products company’s stock worth $49,000 after buying an additional 4,300 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Perma-Fix Environmental Services by 17.7% during the third quarter. JPMorgan Chase & Co. now owns 6,308 shares of the industrial products company’s stock worth $77,000 after buying an additional 947 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Perma-Fix Environmental Services by 54.4% during the third quarter. BNP Paribas Financial Markets now owns 6,994 shares of the industrial products company’s stock worth $86,000 after buying an additional 2,463 shares in the last quarter. MetLife Investment Management LLC grew its holdings in shares of Perma-Fix Environmental Services by 129.1% during the third quarter. MetLife Investment Management LLC now owns 7,543 shares of the industrial products company’s stock worth $93,000 after buying an additional 4,250 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Perma-Fix Environmental Services by 21.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,334 shares of the industrial products company’s stock worth $92,000 after buying an additional 1,479 shares in the last quarter. 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.