Perma-Fix Environmental Services (NASDAQ:PESI) Lowered to “Sell” Rating by Wall Street Zen

Wall Street Zen cut shares of Perma-Fix Environmental Services (NASDAQ:PESI) from a hold rating to a sell rating in a research report sent to investors on Saturday morning.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Perma-Fix Environmental Services in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Perma-Fix Environmental Services Stock Down 1.5%

Perma-Fix Environmental Services stock opened at $11.00 on Friday. Perma-Fix Environmental Services has a fifty-two week low of $8.02 and a fifty-two week high of $16.50. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.54 and a current ratio of 1.61. The company has a market capitalization of $204.05 million, a P/E ratio of -11.46 and a beta of 0.61. The stock has a 50-day simple moving average of $12.40 and a 200-day simple moving average of $13.28.

Perma-Fix Environmental Services (NASDAQ:PESI) last posted its earnings results on Wednesday, May 6th. The industrial products company reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.16). The firm had revenue of $11.13 million during the quarter, compared to analysts’ expectations of $12.95 million. Perma-Fix Environmental Services had a negative net margin of 30.06% and a negative return on equity of 27.08%.

Hedge Funds Weigh In On Perma-Fix Environmental Services

A number of large investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Perma-Fix Environmental Services by 18.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,849 shares of the industrial products company’s stock worth $72,000 after buying an additional 1,515 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Perma-Fix Environmental Services by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 422,890 shares of the industrial products company’s stock worth $5,325,000 after buying an additional 1,655 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of Perma-Fix Environmental Services by 102.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,350 shares of the industrial products company’s stock worth $34,000 after buying an additional 1,699 shares in the last quarter. Barclays PLC raised its stake in shares of Perma-Fix Environmental Services by 10.7% during the 4th quarter. Barclays PLC now owns 26,981 shares of the industrial products company’s stock worth $340,000 after buying an additional 2,612 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Perma-Fix Environmental Services by 18.4% during the 1st quarter. Rhumbline Advisers now owns 17,204 shares of the industrial products company’s stock worth $125,000 after buying an additional 2,671 shares in the last quarter. 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 (NASDAQ: PESI) is a specialized provider of environmental and nuclear waste management solutions. The company offers a comprehensive suite of services, including treatment, recycling, processing, volume reduction and disposal of hazardous, radioactive and mixed wastes. Its capabilities span thermal, chemical and physical treatment technologies, supported by a network of licensed facilities designed to handle complex waste streams.

Founded in 1994 and headquartered in Atlanta, Georgia, Perma-Fix has grown both organically and through strategic acquisitions.