Perma-Fix Environmental Services (NASDAQ:PESI) Downgraded by StockNews.com

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

Separately, TheStreet raised 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 Down 0.8 %

Shares of PESI stock traded down $0.10 during trading hours on Thursday, reaching $11.89. 39,472 shares of the stock were exchanged, compared to its average volume of 36,813. The business’s fifty day moving average is $8.78 and its two-hundred day moving average is $8.80. The firm has a market capitalization 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

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Quadrature Capital Ltd grew its stake in Perma-Fix Environmental Services by 11.6% during the 4th 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. Vanguard Group Inc. grew its position in Perma-Fix Environmental Services by 8.8% during the 4th quarter. Vanguard Group Inc. now owns 590,041 shares of the industrial products company’s stock worth $4,638,000 after purchasing an additional 47,814 shares during the last quarter. Potomac Capital Management Inc. increased its stake in Perma-Fix Environmental Services by 0.8% in the fourth quarter. Potomac Capital Management Inc. now owns 298,984 shares of the industrial products company’s stock valued at $2,350,000 after purchasing an additional 2,513 shares during the period. Bridgeway Capital Management LLC purchased a new stake in shares of Perma-Fix Environmental Services in the fourth quarter valued at about $174,000. Finally, Northern Trust Corp boosted its stake in shares of Perma-Fix Environmental Services by 5.6% during the fourth quarter. Northern Trust Corp now owns 26,958 shares of the industrial products company’s stock worth $212,000 after buying an additional 1,419 shares during the period. 25.52% of the stock is currently owned by institutional investors and hedge funds.

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.