Perma-Fix Environmental Services (NASDAQ:PESI) Rating Increased to Buy at StockNews.com

Perma-Fix Environmental Services (NASDAQ:PESI) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Monday.

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

Perma-Fix Environmental Services Stock Performance

PESI stock opened at $12.11 on Monday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.18 and a quick ratio of 1.13. Perma-Fix Environmental Services has a 1-year low of $6.51 and a 1-year high of $14.17. The business has a 50-day moving average price of $10.82 and a 200 day moving average price of $9.01. The company has a market capitalization of $165.54 million, a P/E ratio of 403.80 and a beta of 0.50.

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, beating analysts’ consensus estimates of $0.03 by $0.01. The firm had revenue of $22.72 million for the quarter, compared to the consensus estimate of $22.30 million. Perma-Fix Environmental Services had a net margin of 0.54% and a return on equity of 2.38%. As a group, equities research analysts forecast that Perma-Fix Environmental Services will post -0.11 EPS for the current fiscal year.

Institutional Investors Weigh In On Perma-Fix Environmental Services

A number of large investors have recently modified their holdings of the business. Essex Investment Management Co. LLC raised its position in Perma-Fix Environmental Services by 1.6% during the 1st quarter. Essex Investment Management Co. LLC now owns 189,450 shares of the industrial products company’s stock worth $2,253,000 after buying an additional 2,914 shares during the last quarter. Legato Capital Management LLC grew its position in Perma-Fix Environmental Services by 37.3% during the 4th quarter. Legato Capital Management LLC now owns 75,031 shares of the industrial products company’s stock worth $590,000 after purchasing an additional 20,396 shares during the period. Citigroup Inc. acquired a new position in shares of Perma-Fix Environmental Services in the 3rd quarter valued at about $383,000. Quadrature Capital Ltd boosted its stake in shares of Perma-Fix Environmental Services by 11.6% in the fourth quarter. Quadrature Capital Ltd now owns 34,029 shares of the industrial products company’s stock worth $267,000 after buying an additional 3,545 shares during the last quarter. Finally, Bailard Inc. purchased a new position in Perma-Fix Environmental Services during the fourth quarter valued at approximately $249,000. Hedge funds and other institutional investors own 25.52% of the company’s stock.

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.