Perma-Fix Environmental Services (NASDAQ:PESI) Downgraded to “Hold” at StockNews.com

StockNews.com downgraded shares of Perma-Fix Environmental Services (NASDAQ:PESI) from a buy rating to a hold rating in a research report released on Tuesday.

Separately, TheStreet raised shares of Perma-Fix Environmental Services from a d+ rating to a c- rating in a research note on Thursday, February 22nd.

Perma-Fix Environmental Services Price Performance

Perma-Fix Environmental Services stock opened at $11.20 on Tuesday. Perma-Fix Environmental Services has a 12-month low of $6.51 and a 12-month high of $14.17. The stock has a market cap of $153.10 million, a P/E ratio of 373.46 and a beta of 0.51. The company has a 50-day moving average price of $9.68 and a 200 day moving average price of $8.83. The company has a current ratio of 1.18, a quick ratio of 1.13 and a debt-to-equity ratio of 0.07.

Perma-Fix Environmental Services (NASDAQ:PESI) last released its quarterly earnings data on Wednesday, March 13th. The industrial products company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.01. The firm had revenue of $22.72 million during the quarter, compared to analysts’ expectations of $22.30 million. Perma-Fix Environmental Services had a net margin of 0.54% and a return on equity of 2.38%. Sell-side analysts anticipate that Perma-Fix Environmental Services will post -0.11 earnings per share for the current year.

Institutional Investors Weigh In On Perma-Fix Environmental Services

A number of institutional investors and hedge funds have recently made changes to their positions in PESI. Tower Research Capital LLC TRC purchased a new stake in shares of Perma-Fix Environmental Services in the 2nd quarter valued at approximately $33,000. Qube Research & Technologies Ltd purchased a new stake in shares of Perma-Fix Environmental Services in the 3rd quarter valued at approximately $34,000. UBS Group AG purchased a new stake in Perma-Fix Environmental Services during the 3rd quarter worth approximately $39,000. Charles Schwab Investment Management Inc. acquired a new stake in Perma-Fix Environmental Services during the 1st quarter worth approximately $58,000. Finally, Barclays PLC acquired a new stake in Perma-Fix Environmental Services during the 3rd quarter worth approximately $69,000. 25.52% of the stock is owned by hedge funds and other institutional investors.

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.