Perma-Fix Environmental Services (NASDAQ:PESI) Releases Earnings Results, Beats Expectations By $0.02 EPS

Perma-Fix Environmental Services (NASDAQ:PESI) announced its quarterly earnings results on Monday. The industrial products company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.02, Zacks reports. Perma-Fix Environmental Services had a negative net margin of 31.25% and a negative return on equity of 21.73%.

Perma-Fix Environmental Services Trading Up 3.6%

NASDAQ PESI opened at $13.18 on Monday. The company has a current ratio of 2.04, a quick ratio of 1.97 and a debt-to-equity ratio of 0.03. Perma-Fix Environmental Services has a 1-year low of $6.25 and a 1-year high of $15.62. The firm’s fifty day simple moving average is $11.30 and its 200-day simple moving average is $10.89. The company has a market capitalization of $243.43 million, a PE ratio of -11.68 and a beta of 0.25.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Perma-Fix Environmental Services in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Institutional Investors Weigh In On Perma-Fix Environmental Services

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Perma-Fix Environmental Services by 18.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,849 shares of the industrial products company’s stock worth $72,000 after buying an additional 1,515 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Perma-Fix Environmental Services during the 1st quarter worth $77,000. Rhumbline Advisers raised its holdings in shares of Perma-Fix Environmental Services by 18.4% during the 1st 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 in the last quarter. Marshall Wace LLP acquired a new stake in shares of Perma-Fix Environmental Services in the 2nd quarter valued at $194,000. Finally, XTX Topco Ltd bought a new stake in Perma-Fix Environmental Services in the second quarter worth $199,000. 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.