Traders Buy Large Volume of Call Options on Perma-Fix Environmental Services (NASDAQ:PESI)

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) was the target of unusually large options trading activity on Tuesday. Investors bought 3,040 call options on the stock. This is an increase of approximately 397% compared to the average daily volume of 612 call options.

Analyst Ratings Changes

Several research analysts have weighed in on PESI shares. Wall Street Zen cut shares of Perma-Fix Environmental Services from a “sell” rating to a “strong sell” rating in a report on Sunday, May 17th. Weiss Ratings raised Perma-Fix Environmental Services from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, June 25th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Perma-Fix Environmental Services Stock Performance

Shares of Perma-Fix Environmental Services stock opened at $17.71 on Wednesday. The company has a 50 day moving average of $15.38 and a 200-day moving average of $13.15. The company has a market cap of $375.81 million, a PE ratio of -15.67 and a beta of 0.46. Perma-Fix Environmental Services has a 1-year low of $8.02 and a 1-year high of $21.32. The company has a current ratio of 1.67, a quick ratio of 1.58 and a debt-to-equity ratio of 0.05.

Perma-Fix Environmental Services (NASDAQ:PESI) last posted its earnings results on Wednesday, August 12th. The industrial products company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.01). Perma-Fix Environmental Services had a negative return on equity of 35.46% and a negative net margin of 37.04%.The company had revenue of $12.89 million for the quarter, compared to the consensus estimate of $12.90 million.

Hedge Funds Weigh In On Perma-Fix Environmental Services

A number of institutional investors and hedge funds have recently bought and sold shares of PESI. Cubist Systematic Strategies LLC bought a new stake in shares of Perma-Fix Environmental Services during the first quarter worth about $77,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Perma-Fix Environmental Services by 18.2% in 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 last quarter. Rhumbline Advisers increased its holdings 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 valued at $125,000 after purchasing an additional 2,671 shares during the period. Geode Capital Management LLC raised its holdings in Perma-Fix Environmental Services by 7.3% during the 2nd quarter. Geode Capital Management LLC now owns 421,959 shares of the industrial products company’s stock worth $4,440,000 after purchasing an additional 28,781 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in Perma-Fix Environmental Services in the second quarter valued at $199,000. Institutional investors and hedge funds own 25.52% of the company’s stock.

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.