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

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

Perma-Fix Environmental Services Stock Performance

Shares of PESI opened at $7.40 on Tuesday. The stock has a 50 day moving average price of $9.12 and a 200 day moving average price of $11.33. The company has a quick ratio of 1.37, a current ratio of 1.42 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $117.27 million, a price-to-earnings ratio of -6.79 and a beta of 0.40. Perma-Fix Environmental Services has a 52-week low of $6.96 and a 52-week high of $16.25.

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

Institutional Investors Weigh In On Perma-Fix Environmental Services

Large investors have recently modified their holdings of the company. New York State Common Retirement Fund boosted its holdings in shares of Perma-Fix Environmental Services by 4,300.0% in the fourth quarter. New York State Common Retirement Fund now owns 4,400 shares of the industrial products company’s stock valued at $49,000 after acquiring an additional 4,300 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Perma-Fix Environmental Services by 17.7% in the third quarter. JPMorgan Chase & Co. now owns 6,308 shares of the industrial products company’s stock valued at $77,000 after acquiring an additional 947 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of Perma-Fix Environmental Services by 54.4% in the third quarter. BNP Paribas Financial Markets now owns 6,994 shares of the industrial products company’s stock valued at $86,000 after acquiring an additional 2,463 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Perma-Fix Environmental Services by 21.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,334 shares of the industrial products company’s stock valued at $92,000 after acquiring an additional 1,479 shares during the period. Finally, MetLife Investment Management LLC boosted its holdings in shares of Perma-Fix Environmental Services by 129.1% in the third quarter. MetLife Investment Management LLC now owns 7,543 shares of the industrial products company’s stock valued at $93,000 after acquiring an additional 4,250 shares during the period. 25.52% of the stock is 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.