Perma-Fix Environmental Services (NASDAQ:PESI) Stock Crosses Above 200 Day Moving Average - Here's Why

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $11.68 and traded as high as $12.79. Perma-Fix Environmental Services shares last traded at $12.66, with a volume of 45,974 shares.Wall Street Analyst Weigh InUnusually High Volume Points to Upside in These StocksSeparately, Weiss Ratings reissued a "sell (d-)" rating on shares of Perma-Fix Environmental Services in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of "Sell".Read Our Latest Report on PESIPerma-Fix Environmental Services Price PerformanceThe company has a debt-to-equity ratio of 0.03, a current ratio of 1.77 and a quick ratio of 1.72. The stock's 50 day moving average price is $13.24 and its two-hundred day moving average price is $11.68. The firm has a market capitalization of $234.46 million, a price-to-earnings ratio of -19.18 and a beta of 0.36. Perma-Fix Environmental Services (NASDAQ:PESI - Get Free Report) last posted its earnings results on Monday, November 10th. The industrial products company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.12) by $0.02. The business had revenue of $17.45 million for the quarter, compared to analyst estimates of $16.30 million. Perma-Fix Environmental Services had a negative net margin of 19.15% and a negative return on equity of 19.45%. Institutional Trading of Perma-Fix Environmental ServicesHedge funds have recently added to or reduced their stakes in the business. Verition Fund Management LLC acquired a new stake in Perma-Fix Environmental Services in the 3rd quarter valued at approximately $146,000. Mak Capital One LLC grew its stake in shares of Perma-Fix Environmental Services by 780.7% in the third quarter. Mak Capital One LLC now owns 815,576 shares of the industrial products company's stock worth $8,237,000 after acquiring an additional 722,966 shares during the last quarter. Bank of America Corp DE increased its position in Perma-Fix Environmental Services by 431.9% during the third quarter. Bank of America Corp DE now owns 47,739 shares of the industrial products company's stock worth $482,000 after acquiring an additional 38,764 shares during the period. BNP Paribas Financial Markets raised its stake in Perma-Fix Environmental Services by 102.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,350 shares of the industrial products company's stock valued at $34,000 after purchasing an additional 1,699 shares during the last quarter. Finally, Van ECK Associates Corp boosted its holdings in Perma-Fix Environmental Services by 27.5% in the 3rd quarter. Van ECK Associates Corp now owns 220,289 shares of the industrial products company's stock valued at $2,225,000 after purchasing an additional 47,492 shares during the period. Institutional investors own 25.52% of the company's stock. About Perma-Fix Environmental Services (Get Free Report)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.Featured ArticlesFive stocks we like better than Perma-Fix Environmental ServicesDo not delete, read immediatelyINVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting OffCan Any Expenses Be Deducted From Capital Gains Tax?Buffett, Gates and Bezos Quietly Dumping Stocks—Here's WhyForget AI, This Will Be the Next Big Tech BreakthroughThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. 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