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ATLANTA—Mark Duff, the President and CEO of Perma-Fix Environmental Services Inc. (NASDAQ:PESI), recently acquired shares of the company, according to a regulatory filing. On March 18, Duff purchased a total of 1,000 shares of common stock in two separate transactions. The shares were bought at prices ranging from $7.10 to $7.20 per share, resulting in a total investment of $7,150. The purchase comes as the stock trades near its 52-week low of $6.96, with technical indicators suggesting oversold conditions according to InvestingPro analysis.
Following these transactions, Duff’s total direct ownership of Perma-Fix Environmental Services shares increased to 131,609 shares. With a market capitalization of $133.42 million and a healthy current ratio of 2.29, the company maintains strong liquidity. The Atlanta-based firm operates in the hazardous waste management sector. InvestingPro subscribers can access 12 additional ProTips and comprehensive insider trading analysis in the Pro Research Report, helping investors make more informed decisions about PESI’s current market position.
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, which was wider than the anticipated loss of $0.11 per share. Revenue for the quarter was $14.7 million, falling short of the consensus forecast of $17.7 million and decreasing from $22.7 million in the same period the previous year. The revenue decline was attributed to the completion of two large projects at the end of 2023 that were not replaced with projects of similar value, alongside lower waste volume in its Treatment Segment. Gross profit also fell significantly to $594,000 from $4.3 million a year earlier. Despite these results, Perma-Fix shares saw a slight increase, possibly due to the company’s optimistic outlook for 2025. The company anticipates a return to growth and profitability, particularly in the latter half of 2025, with expectations tied to the U.S. Department of Energy’s Direct-Feed Low-Activity Waste program at Hanford. Additionally, Perma-Fix is making progress with its PFAS destruction technology and has secured recent contract wins in nuclear services. For the full year 2024, Perma-Fix reported a net loss of $20 million on revenue of $59.1 million, compared to a net income of $485,000 on revenue of $89.7 million in 2023.
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