National Energy Services Reunited (NASDAQ:NESR) Sees Strong Trading Volume

National Energy Services Reunited Corp. (NASDAQ:NESR) shares saw unusually-strong trading volume on Thursday . Approximately 351,083 shares were traded during mid-day trading, an increase of 89% from the previous session’s volume of 185,778 shares.The stock last traded at $8.99 and had previously closed at $8.95.

National Energy Services Reunited Price Performance

The stock has a 50-day moving average of $8.04 and a two-hundred day moving average of $6.68.

Institutional Investors Weigh In On National Energy Services Reunited

A number of institutional investors have recently bought and sold shares of the business. Quantbot Technologies LP boosted its position in National Energy Services Reunited by 48.0% during the 1st quarter. Quantbot Technologies LP now owns 5,772 shares of the company’s stock worth $48,000 after acquiring an additional 1,872 shares during the period. UBS Group AG boosted its position in National Energy Services Reunited by 12.7% during the 1st quarter. UBS Group AG now owns 20,880 shares of the company’s stock worth $176,000 after acquiring an additional 2,357 shares during the period. Charles Schwab Investment Management Inc. boosted its position in National Energy Services Reunited by 2.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 86,075 shares of the company’s stock worth $597,000 after acquiring an additional 2,452 shares during the period. Mercer Global Advisors Inc. ADV boosted its position in National Energy Services Reunited by 2.0% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 130,163 shares of the company’s stock worth $773,000 after acquiring an additional 2,500 shares during the period. Finally, Rhumbline Advisers boosted its position in National Energy Services Reunited by 6.1% during the 1st quarter. Rhumbline Advisers now owns 43,543 shares of the company’s stock worth $366,000 after acquiring an additional 2,512 shares during the period. 15.55% of the stock is currently owned by institutional investors and hedge funds.

National Energy Services Reunited Company Profile

National Energy Services Reunited Corp. provides oilfield services to oil and gas companies in the Middle East, North Africa, and internationally. The company's Production Services segment offers hydraulic fracturing services; coiled tubing services, including nitrogen lifting, fishing, milling, clean-out, scale removal, and other well applications; stimulation and pumping services; primary and remedial cementing services; nitrogen services; filtration services, as well as frac tanks and pumping units; and pipeline and industrial services, such as water filling and hydro testing, nitrogen purging, and de-gassing and pressure testing, as well as cutting/welding and cooling down piping/vessels systems.