Perma-Fix Environmental Services (NASDAQ:PESI) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Perma-Fix Environmental Services (NASDAQ:PESI) posted its earnings results on Wednesday. The industrial products company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.01), Zacks reports. Perma-Fix Environmental Services had a negative return on equity of 28.55% and a negative net margin of 30.06%.The firm had revenue of $12.89 million during the quarter, compared to analysts’ expectations of $12.90 million.

Perma-Fix Environmental Services Trading Up 11.3%

Shares of NASDAQ:PESI traded up $1.98 during trading on Wednesday, reaching $19.43. The company’s stock had a trading volume of 1,889,582 shares, compared to its average volume of 267,016. The company has a current ratio of 1.25, a quick ratio of 1.17 and a debt-to-equity ratio of 0.04. Perma-Fix Environmental Services has a 12 month low of $8.02 and a 12 month high of $21.32. The firm’s 50 day simple moving average is $13.89 and its two-hundred day simple moving average is $12.99. The stock has a market capitalization of $411.92 million, a PE ratio of -20.24 and a beta of 0.46.

Institutional Investors Weigh In On Perma-Fix Environmental Services

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PESI. BNP Paribas Financial Markets boosted its holdings in shares of Perma-Fix Environmental Services by 102.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,350 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 1,699 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Perma-Fix Environmental Services by 18.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,849 shares of the industrial products company’s stock valued at $72,000 after buying an additional 1,515 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in Perma-Fix Environmental Services during the 1st quarter valued at $77,000. MetLife Investment Management LLC lifted its position in Perma-Fix Environmental Services by 171.6% in the fourth quarter. MetLife Investment Management LLC now owns 9,154 shares of the industrial products company’s stock worth $115,000 after buying an additional 5,784 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in Perma-Fix Environmental Services by 18.4% in the first quarter. Rhumbline Advisers now owns 17,204 shares of the industrial products company’s stock worth $125,000 after buying an additional 2,671 shares during the last quarter. 25.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PESI has been the topic of a number of research reports. Weiss Ratings raised Perma-Fix Environmental Services from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, June 25th. Wall Street Zen downgraded Perma-Fix Environmental Services from a “sell” rating to a “strong sell” rating in a research report on Sunday, May 17th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

About Perma-Fix Environmental Services

Perma-Fix Environmental Services, Inc (NASDAQ: PESI) is a specialized provider of environmental and nuclear waste management solutions. The company offers a comprehensive suite of services, including treatment, recycling, processing, volume reduction and disposal of hazardous, radioactive and mixed wastes. Its capabilities span thermal, chemical and physical treatment technologies, supported by a network of licensed facilities designed to handle complex waste streams.

Founded in 1994 and headquartered in Atlanta, Georgia, Perma-Fix has grown both organically and through strategic acquisitions.