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ATLANTA—Troy Eshleman, Chief Operating Officer of Perma-Fix Environmental Services Inc. (NASDAQ:PESI), recently acquired 1,350 shares of the company’s common stock. The purchase, which took place on March 18, 2025, was executed at a price of $7.35 per share, amounting to a total transaction value of $9,922. The acquisition comes as the stock trades near its 52-week low of $6.96, having declined 36% over the past six months. InvestingPro analysis shows a single analyst covering the stock maintains an $18 price target.
This acquisition increases Eshleman’s direct ownership in the company to 1,350 shares. Perma-Fix, headquartered in Atlanta, operates in the hazardous waste management sector, providing a range of environmental services. The $136 million market cap company maintains strong liquidity with a current ratio of 2.29. Get deeper insights into insider trading patterns and 12+ more exclusive tips with InvestingPro.
The transaction was filed with the Securities and Exchange Commission on March 19, 2025.
In other recent news, Perma-Fix Environmental Services, Inc. reported fourth-quarter earnings that did not meet analyst expectations. The company posted a loss of $0.22 per share, falling short of the anticipated loss of $0.11 per share. Revenue for the quarter was $14.7 million, which also missed the consensus forecast of $17.7 million and marked a decrease from $22.7 million in the same period the previous year. The decline was attributed to the completion of two large projects at the end of 2023 and lower waste volumes in its Treatment Segment. Gross profit dropped significantly to $594,000 from $4.3 million a year earlier. Despite these results, Perma-Fix expressed confidence in its outlook for 2025, citing potential growth opportunities and recent contract wins. For the full year 2024, the company reported a net loss of $20 million on revenue of $59.1 million, compared to net income of $485,000 on revenue of $89.7 million in 2023. The company highlighted the U.S. Department of Energy’s Direct-Feed Low-Activity Waste program at Hanford as a positive catalyst for future growth. Additionally, Perma-Fix noted advancements in its PFAS destruction technology as another promising development.
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