Perma-Fix Environmental Services (NASDAQ:PESI) Shares Pass Above 200 Day Moving Average – Should You Sell?

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $11.45 and traded as high as $14.08. Perma-Fix Environmental Services shares last traded at $14.03, with a volume of 114,019 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Perma-Fix Environmental Services to a “sell” rating in a research note on Saturday, November 9th.

Perma-Fix Environmental Services Trading Up 8.1 %

The stock has a market capitalization of $222.09 million, a PE ratio of -12.87 and a beta of 0.48. The company has a 50 day simple moving average of $13.14 and a 200 day simple moving average of $11.45. The company has a current ratio of 1.42, a quick ratio of 1.37 and a debt-to-equity ratio of 0.06.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Diamond Hill Capital Management Inc. acquired a new stake in shares of Perma-Fix Environmental Services during the 3rd quarter worth about $3,065,000. Thompson Siegel & Walmsley LLC acquired a new stake in Perma-Fix Environmental Services during the second quarter worth approximately $2,421,000. Van ECK Associates Corp acquired a new stake in Perma-Fix Environmental Services during the second quarter worth approximately $1,641,000. Geode Capital Management LLC raised its holdings in Perma-Fix Environmental Services by 14.0% in the 3rd quarter. Geode Capital Management LLC now owns 325,173 shares of the industrial products company’s stock valued at $3,991,000 after acquiring an additional 39,977 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of Perma-Fix Environmental Services during the 2nd quarter worth $338,000. 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.