Perma-Fix Environmental Services (NASDAQ:PESI) Stock Rating Cut to Strong Sell at Wall Street Zen

by · The Markets Daily

Wall Street Zen downgraded shares of Perma-Fix Environmental Services (NASDAQ:PESI – Free Report) from a sell rating to a strong sell rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Perma-Fix Environmental Services in a research note on Tuesday, September 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Perma-Fix Environmental Services currently has a consensus rating of “Sell”.

Read Our Latest Report on Perma-Fix Environmental Services

Perma-Fix Environmental Services Price Performance

Shares of PESI opened at $15.56 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.67 and a quick ratio of 1.58. Perma-Fix Environmental Services has a 1-year low of $8.58 and a 1-year high of $21.32. The stock has a market cap of $330.18 million, a PE ratio of -13.77 and a beta of 0.56. The firm has a fifty day moving average price of $17.38 and a 200 day moving average price of $13.82.

Perma-Fix Environmental Services (NASDAQ:PESI – Get Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The industrial products company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.31) by ($0.01). The firm had revenue of $12.89 million for the quarter, compared to analysts’ expectations of $12.90 million. Perma-Fix Environmental Services had a negative return on equity of 35.46% and a negative net margin of 37.04%. As a group, sell-side analysts anticipate that Perma-Fix Environmental Services will post -1.02 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of PESI. Capital Advisors Ltd. LLC acquired a new position in shares of Perma-Fix Environmental Services in the first quarter valued at approximately $53,000. Corsair Capital Management L.P. grew its position in Perma-Fix Environmental Services by 73.9% in the 1st quarter. Corsair Capital Management L.P. now owns 37,649 shares of the industrial products company’s stock valued at $402,000 after buying an additional 16,000 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in Perma-Fix Environmental Services in the 2nd quarter valued at $544,000. Bank of America Corp DE increased its stake in Perma-Fix Environmental Services by 3.5% in the 1st quarter. Bank of America Corp DE now owns 45,190 shares of the industrial products company’s stock valued at $483,000 after buying an additional 1,524 shares during the period. Finally, Pale Fire Capital SE increased its stake in Perma-Fix Environmental Services by 12.5% in the 1st quarter. Pale Fire Capital SE now owns 48,626 shares of the industrial products company’s stock valued at $520,000 after buying an additional 5,406 shares during the period. 25.52% of the stock is currently owned by hedge funds and other institutional investors.

Perma-Fix Environmental Services Company Profile

(Get Free Report)

Perma-Fix Environmental Services, Inc (NASDAQ:PESI) provides nuclear and industrial waste management services. The company treats and processes radioactive, mixed, hazardous, and other difficult-to-manage waste streams for government and commercial customers, with an emphasis on reducing waste volume and preparing materials for compliant disposal.

Its services include waste treatment, stabilization, remediation, waste characterization, decontamination, engineering, consulting, and project management.

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