Perma-Fix Environmental Services (PESI) Stock Surges Amidst Waste Management Sector Trends

Author's Avatar
4 days ago

Perma-Fix Environmental Services Inc. (PESI, Financial), a key player in nuclear and waste management services, saw its stock price rise by 5.21%. The stock is currently trading at $12.92 per share with a trading volume of 44,041 shares, reflecting a turnover rate of 0.28% and a price fluctuation of 4.97%.

Recently released financial reports revealed that the company generated revenue of $13.99 million with a net loss of $3.79 million. Earnings per share stand at -$0.27, with a gross loss of $1.33 million, resulting in a price-to-earnings ratio of -26.26. Among brokerages, one firm rated the stock a "buy," with no suggestions to hold or sell.

Within the waste management industry, which experienced an overall decline of 0.75%, Perma-Fix Environmental Services is among the companies showing significant growth. Li-Cycle Holdings Corp. and Lanzatech Global Inc. have also seen considerable gains. In terms of market activity, Greenwave Technology Solutions, Inc., Li-Cycle Holdings Corp., and Montrose Environmental Group, Inc. have notable turnover rates, while Li-Cycle Holdings Corp. and others have experienced high volatility.

Perma-Fix Environmental Services operates mainly in the nuclear waste management sector, offering solutions through two divisions: treatment and services. The treatment division specializes in processing and disposing of various types of waste, while the services division, contributing most to revenue, provides on-site waste management and technical services to commercial and government clients.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.