Perma-Fix Environ stock hits 52-week low at $6.98

Perma-Fix Environmental Services, Inc. (PESI) stock has reached a 52-week low, touching down at $6.98. According to InvestingPro data, the stock’s RSI indicates oversold conditions, while the company’s financial health score currently stands at "WEAK." This latest price point reflects a notable decline in the company’s stock value over the past year, with Perma-Fix Environ experiencing a 1-year change decrease of -17.06%. The company’s revenue has contracted by nearly 20% over the last twelve months, with EBITDA showing a negative $10.29M. InvestingPro analysis suggests the stock is currently trading below its Fair Value, with 12 additional ProTips available for subscribers. Investors are closely monitoring the stock as it hits this low, considering the broader implications it may have on the company’s financial health and future prospects. The 52-week low serves as a critical threshold for the company, marking the lowest price at which the stock has traded during the last year and setting a benchmark for potential recovery or further decline. For deeper insights into PESI’s financial health and growth prospects, investors can access the comprehensive Pro Research Report available exclusively on InvestingPro.

In other recent news, Perma-Fix Environmental Services, Inc. has announced the initiation of an underwritten public offering of its common stock. The proceeds from this offering are intended to fund the development of the company’s Perma-FAS technology, which aims to destroy PFAS substances, as well as to install a second-generation commercial treatment unit. Additionally, the funds will support capital expenditures and general corporate needs. Craig-Hallum is serving as the sole managing underwriter for the offering. Perma-Fix has also appointed Troy Eshleman as the new Chief Operating Officer, who brings over three decades of experience in radioactive waste management. Eshleman was previously the Vice President of Operations at Perma-Fix. In a related development, the company has revised its executive compensation plans, introducing new Management Incentive Plans that align executive incentives with company performance targets. These plans include targets based on revenue, EBITDA, and specific performance objectives. Richard Grondin has transitioned to Executive Vice President of Hanford and International Waste Operations with an updated compensation package.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.