Perma-Fix Environmental Services (NASDAQ:PESI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Perma-Fix Environmental Services (NASDAQ:PESI) from a strong sell rating to a sell rating in a research note released on Saturday,Wall Street Zen reports.

A number of other research analysts also recently issued reports on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Perma-Fix Environmental Services in a report on Tuesday, September 22nd. Zacks Research raised shares of Perma-Fix Environmental Services to a “hold” rating in a report on Friday, October 2nd. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce”.

Perma-Fix Environmental Services Stock Up 11.0%

NASDAQ:PESI opened at $15.59 on Friday. Perma-Fix Environmental Services has a 12 month low of $8.58 and a 12 month 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. The firm has a fifty day simple moving average of $15.21 and a 200-day simple moving average of $13.88.

Perma-Fix Environmental Services (NASDAQ:PESI) last issued its earnings results on Thursday, November 5th. The industrial products company reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.05. Perma-Fix Environmental Services had a negative return on equity of 35.46% and a negative net margin of 37.04%. The firm had revenue of $17.95 million for the quarter, compared to analyst estimates of $14.90 million. As a group, research analysts expect that Perma-Fix Environmental Services will post -1.02 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Bank of America Corp DE increased its stake in Perma-Fix Environmental Services by 3.5% during the first quarter. Bank of America Corp DE now owns 45,190 shares of the industrial products company’s stock worth $483,000 after purchasing an additional 1,524 shares during the period. Pale Fire Capital SE raised its holdings in shares of Perma-Fix Environmental Services by 12.5% in the 1st quarter. Pale Fire Capital SE now owns 48,626 shares of the industrial products company’s stock valued at $520,000 after purchasing an additional 5,406 shares in the last quarter. Corsair Capital Management L.P. raised its position in shares of Perma-Fix Environmental Services by 73.9% during the 1st quarter. Corsair Capital Management L.P. now owns 37,649 shares of the industrial products company’s stock worth $402,000 after acquiring an additional 16,000 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in Perma-Fix Environmental Services during the second quarter worth approximately $544,000. Finally, CenterBook Partners LP purchased a new stake in shares of Perma-Fix Environmental Services during the 3rd quarter worth approximately $5,615,000. Hedge funds and other institutional investors own 25.52% of the company’s stock.

About Perma-Fix Environmental Services

Perma-Fix Environmental Services, Inc provides treatment, processing and disposal services for radioactive, mixed and hazardous waste. The company serves customers that generate waste through nuclear energy production, government and defense programs, research, medical activities and other industrial operations.

Its services include the treatment of low-level radioactive waste and mixed waste, which contains both radioactive and hazardous components. Perma-Fix uses specialized technologies and licensed treatment facilities to process waste streams, reduce their volume or hazardous characteristics, and prepare them for compliant disposal.