Shares of Koil Energy Solutions, Inc. (OTCMKTS:DPDW – Get Free Report) crossed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $2.94 and traded as high as $3.03. Koil Energy Solutions shares last traded at $2.99, with a volume of 6,188 shares.
Koil Energy Solutions Price Performance
The firm has a market cap of $40.10 million, a price-to-earnings ratio of -61.20 and a beta of 0.90. The firm has a 50 day moving average price of $2.96 and a 200-day moving average price of $2.57.
Koil Energy Solutions Company Profile
Koil Energy Solutions, Inc, formerly known as Deep Down, Inc, provides subsea energy equipment and services for the offshore oil and gas industry. The company designs, manufactures and supports products used to connect, protect and manage subsea infrastructure and production systems.
Its offerings have included subsea distribution equipment, umbilical termination assemblies, flying leads, pressure vessels, pipeline repair systems and other specialized components. Koil Energy also provides engineering, project management, fabrication, installation support and related services for subsea development projects.
Based in Houston, Texas, Koil Energy serves energy companies, offshore contractors and equipment providers in domestic and international markets.
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