Perma-Fix Environmental Services (NASDAQ:PESI) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.10 and traded as high as $14.56. Perma-Fix Environmental Services shares last traded at $14.40, with a volume of 52,040 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Perma-Fix Environmental Services to a “sell” rating in a report on Wednesday, October 16th.

Perma-Fix Environmental Services Stock Performance

The stock has a market cap of $227.99 million, a price-to-earnings ratio of -28.86 and a beta of 0.49. The company’s 50-day simple moving average is $11.91 and its 200-day simple moving average is $11.14. The company has a quick ratio of 1.52, a current ratio of 1.56 and a debt-to-equity ratio of 0.05.

Perma-Fix Environmental Services (NASDAQ:PESI) last issued its 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 company had revenue of $13.99 million during the quarter.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in PESI. Quadrature Capital Ltd lifted its position in shares of Perma-Fix Environmental Services by 11.6% in the 4th quarter. Quadrature Capital Ltd now owns 34,029 shares of the industrial products company’s stock valued at $267,000 after acquiring an additional 3,545 shares in the last quarter. Essex Investment Management Co. LLC boosted its position in shares of Perma-Fix Environmental Services by 1.6% in the first quarter. Essex Investment Management Co. LLC now owns 189,450 shares of the industrial products company’s stock worth $2,253,000 after buying an additional 2,914 shares during the period. Fermata Advisors LLC grew its holdings in shares of Perma-Fix Environmental Services by 22.9% during the second quarter. Fermata Advisors LLC now owns 15,086 shares of the industrial products company’s stock valued at $153,000 after buying an additional 2,811 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in Perma-Fix Environmental Services during the second quarter valued at $338,000. Finally, Van ECK Associates Corp purchased a new stake in Perma-Fix Environmental Services in the 2nd quarter worth about $1,641,000. 25.52% of the stock is currently owned by institutional investors and hedge funds.

About Perma-Fix Environmental Services

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.