OMS Energy Technologies Inc. (NASDAQ:OMSE – Get Free Report) saw a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 6,548 shares, a decline of 52.4% from the September 15th total of 13,763 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 17,059 shares, the short-interest ratio is presently 0.4 days.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on OMSE shares. Weiss Ratings reissued a “sell (d)” rating on shares of OMS Energy Technologies in a report on Thursday, August 27th. Zacks Research raised shares of OMS Energy Technologies to a “hold” rating in a research note on Tuesday, August 4th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce”.
Check Out Our Latest Stock Analysis on OMSE
OMS Energy Technologies Price Performance
Shares of OMSE traded down $0.14 during mid-day trading on Thursday, reaching $3.91. 46,379 shares of the company were exchanged, compared to its average volume of 18,410. The business has a 50 day simple moving average of $4.47 and a two-hundred day simple moving average of $4.44. OMS Energy Technologies has a 52 week low of $3.35 and a 52 week high of $7.10.
Institutional Inflows and Outflows
An institutional investor recently bought a new stake in OMS Energy Technologies stock. Ramsey Quantitative Systems purchased a new stake in OMS Energy Technologies Inc. (NASDAQ:OMSE – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 36,978 shares of the company’s stock, valued at approximately $143,000. Ramsey Quantitative Systems owned approximately 0.09% of OMS Energy Technologies at the end of the most recent quarter.
OMS Energy Technologies Company Profile
OMS Energy Technologies plc is a Singapore-based manufacturer and supplier of oil country tubular goods (OCTG), which are used in the drilling and production of oil and natural gas wells. Its product portfolio includes casing, tubing, line pipe, premium connections and related tubular products.
The company serves oil and gas operators, drilling contractors, distributors and other energy-industry customers. Its products are designed for use in onshore and offshore drilling applications and are supplied across international energy markets, including regions in Asia and the Middle East.
OMS Energy Technologies traces its business roots to 1988 and operates manufacturing and service capabilities in multiple locations, including Singapore, Indonesia and Saudi Arabia.
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