StockNews.com Downgrades Perma-Fix Environmental Services (NASDAQ:PESI) to Hold

Perma-Fix Environmental Services (NASDAQ:PESI) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Thursday.

Separately, TheStreet upgraded shares of Perma-Fix Environmental Services from a “d+” rating to a “c-” rating in a research report on Thursday, February 22nd.

Perma-Fix Environmental Services Stock Performance

Shares of PESI stock traded down $0.10 during trading hours on Thursday, reaching $11.89. 39,472 shares of the company traded hands, compared to its average volume of 36,813. The firm has a 50-day moving average price of $8.78 and a 200 day moving average price of $8.80. The company has a market cap of $162.54 million, a P/E ratio of 396.47 and a beta of 0.46. Perma-Fix Environmental Services has a 12-month low of $6.51 and a 12-month high of $13.87. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.18 and a quick ratio of 1.13.

Institutional Investors Weigh In On Perma-Fix Environmental Services

Institutional investors and hedge funds have recently bought and sold shares of the business. Morgan Dempsey Capital Management LLC grew its position in shares of Perma-Fix Environmental Services by 1,146.7% during the first quarter. Morgan Dempsey Capital Management LLC now owns 253,143 shares of the industrial products company’s stock worth $1,400,000 after purchasing an additional 232,838 shares in the last quarter. Essex Investment Management Co. LLC purchased a new stake in Perma-Fix Environmental Services during the 3rd quarter valued at approximately $1,520,000. Potomac Capital Management Inc. raised its position in shares of Perma-Fix Environmental Services by 34.6% during the first quarter. Potomac Capital Management Inc. now owns 324,000 shares of the industrial products company’s stock valued at $3,817,000 after buying an additional 83,320 shares during the last quarter. Legato Capital Management LLC purchased a new position in shares of Perma-Fix Environmental Services in the third quarter worth $571,000. Finally, UBS Group AG boosted its position in shares of Perma-Fix Environmental Services by 4,262.6% during the third quarter. UBS Group AG now owns 52,787 shares of the industrial products company’s stock worth $236,000 after acquiring an additional 51,577 shares during the last quarter. 25.52% of the stock is owned by 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.