Perma-Fix Environmental Services (NASDAQ:PESI) Shares Cross Above Two Hundred Day Moving Average of $10.30

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $10.30 and traded as high as $10.80. Perma-Fix Environmental Services shares last traded at $10.54, with a volume of 85,318 shares trading hands.

Analysts Set New Price Targets

PESI has been the subject of several recent analyst reports. StockNews.com cut shares of Perma-Fix Environmental Services from a “hold” rating to a “sell” rating in a report on Monday, May 27th. Craig Hallum initiated coverage on Perma-Fix Environmental Services in a report on Monday, June 3rd. They set a “buy” rating and a $18.00 price target on the stock.

Perma-Fix Environmental Services Trading Down 0.9 %

The company’s 50 day simple moving average is $10.23 and its two-hundred day simple moving average is $10.30. The stock has a market cap of $166.53 million, a price-to-earnings ratio of -52.70 and a beta of 0.49. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.52 and a current ratio of 1.56.

Institutional Trading of Perma-Fix Environmental Services

Several hedge funds and other institutional investors have recently modified their holdings of the company. Essex Investment Management Co. LLC increased its position in Perma-Fix Environmental Services by 28.2% in the 4th quarter. Essex Investment Management Co. LLC now owns 186,536 shares of the industrial products company’s stock worth $1,466,000 after purchasing an additional 41,051 shares during the last quarter. Bailard Inc. bought a new stake in shares of Perma-Fix Environmental Services in the 4th quarter valued at approximately $249,000. Quadrature Capital Ltd increased its holdings in 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. Fermata Advisors LLC increased its holdings in Perma-Fix Environmental Services by 22.9% in the second quarter. Fermata Advisors LLC now owns 15,086 shares of the industrial products company’s stock worth $153,000 after buying an additional 2,811 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Perma-Fix Environmental Services by 21.6% during the second quarter. Dimensional Fund Advisors LP now owns 78,506 shares of the industrial products company’s stock valued at $795,000 after acquiring an additional 13,949 shares in the last quarter. 25.52% of the stock is currently owned by hedge funds and other institutional investors.

Perma-Fix Environmental Services Company Profile

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.