National Energy Services Reunited (NASDAQ:NESR) Sees Unusually-High Trading Volume

National Energy Services Reunited Corp. (NASDAQ:NESR) saw unusually-strong trading volume on Thursday . Approximately 351,083 shares changed hands during 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 Stock Performance

The business has a fifty day moving average of $8.11 and a 200 day moving average of $6.72.

Institutional Investors Weigh In On National Energy Services Reunited

Several institutional investors and hedge funds have recently modified their holdings of NESR. Ameriprise Financial Inc. increased its position in shares of National Energy Services Reunited by 10.6% during the first quarter. Ameriprise Financial Inc. now owns 175,036 shares of the company’s stock valued at $921,000 after buying an additional 16,836 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of National Energy Services Reunited by 29.4% during the 1st quarter. JPMorgan Chase & Co. now owns 53,840 shares of the company’s stock worth $284,000 after acquiring an additional 12,217 shares during the period. State Street Corp raised its position in shares of National Energy Services Reunited by 12.6% in the 1st quarter. State Street Corp now owns 649,829 shares of the company’s stock worth $3,418,000 after acquiring an additional 72,896 shares in the last quarter. Geode Capital Management LLC raised its position in shares of National Energy Services Reunited by 6.1% in the 1st quarter. Geode Capital Management LLC now owns 463,813 shares of the company’s stock worth $2,440,000 after acquiring an additional 26,777 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of National Energy Services Reunited by 45.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 67,469 shares of the company’s stock valued at $355,000 after purchasing an additional 20,975 shares during the period. 15.55% of the stock is owned by hedge funds and other institutional investors.

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.