Perma-Fix Environmental Services (NASDAQ:PESI) Share Price Passes Above 200-Day Moving Average of $10.41

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $10.41 and traded as high as $10.88. Perma-Fix Environmental Services shares last traded at $10.77, with a volume of 39,715 shares traded.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PESI. StockNews.com lowered shares of Perma-Fix Environmental Services from a “hold” rating to a “sell” rating in a report on Monday, May 27th. Craig Hallum started coverage on shares of Perma-Fix Environmental Services in a report on Monday, June 3rd. They issued a “buy” rating and a $18.00 price objective for the company.

Perma-Fix Environmental Services Price Performance

The company has a quick ratio of 1.52, a current ratio of 1.56 and a debt-to-equity ratio of 0.05. The stock has a 50-day simple moving average of $10.31 and a 200 day simple moving average of $10.41. The company has a market cap of $170.04 million, a PE ratio of -53.85 and a beta of 0.49.

Institutional Investors Weigh In On Perma-Fix Environmental Services

Hedge funds and other institutional investors have recently made changes to their positions in the business. Marshall Wace LLP purchased a new stake in shares of Perma-Fix Environmental Services in the second quarter valued at approximately $110,000. Rhumbline Advisers acquired a new stake in Perma-Fix Environmental Services during the second quarter worth about $134,000. Fermata Advisors LLC lifted its position in 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. Quadrature Capital Ltd lifted its holdings in shares of Perma-Fix Environmental Services by 11.6% during 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. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Perma-Fix Environmental Services in the second quarter worth about $338,000. Institutional investors and hedge funds own 25.52% of the company’s stock.

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.