Perma-Fix Environmental Services (NASDAQ:PESI) Upgraded by StockNews.com to “Sell” Rating

StockNews.com upgraded shares of Perma-Fix Environmental Services (NASDAQ:PESI) to a sell rating in a research report sent to investors on Friday morning.

Perma-Fix Environmental Services Stock Up 10.6 %

NASDAQ:PESI traded up $1.42 on Friday, hitting $14.84. The stock had a trading volume of 350,717 shares, compared to its average volume of 97,052. The firm’s fifty day simple moving average is $12.30 and its two-hundred day simple moving average is $11.24. The stock has a market cap of $234.49 million, a P/E ratio of -29.68 and a beta of 0.49. Perma-Fix Environmental Services has a 1 year low of $6.51 and a 1 year high of $16.25. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.52 and a current ratio of 1.56.

Perma-Fix Environmental Services (NASDAQ:PESI) last issued its quarterly earnings results on Thursday, August 8th. The industrial products company reported ($0.26) earnings per share 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 company had revenue of $13.99 million during the quarter.

Institutional Investors Weigh In On Perma-Fix Environmental Services

Institutional investors have recently added to or reduced their stakes in the business. Thompson Siegel & Walmsley LLC purchased a new stake in shares of Perma-Fix Environmental Services during the 2nd quarter valued at approximately $2,421,000. Van ECK Associates Corp purchased a new position in shares of Perma-Fix Environmental Services in the second quarter valued at $1,641,000. Bank of New York Mellon Corp bought a new stake in shares of Perma-Fix Environmental Services during the 2nd quarter valued at $338,000. Chesley Taft & Associates LLC bought a new stake in shares of Perma-Fix Environmental Services during the third quarter valued at about $368,000. Finally, Quent Capital LLC purchased a new stake in shares of Perma-Fix Environmental Services in the third quarter worth about $198,000. 25.52% of the stock is 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.