National Energy Services Reunited (NASDAQ:NESR) Stock Price Down 4.2% – Here’s Why

National Energy Services Reunited Corp. (NASDAQ:NESR) traded down 4.2% during trading on Friday . The company traded as low as $8.81 and last traded at $8.81. 560 shares changed hands during trading, a decline of 100% from the average session volume of 115,532 shares. The stock had previously closed at $9.20.

National Energy Services Reunited Stock Performance

The stock has a 50-day moving average of $9.15 and a 200 day moving average of $9.23. The company has a current ratio of 1.07, a quick ratio of 0.89 and a debt-to-equity ratio of 0.35.

National Energy Services Reunited (NASDAQ:NESR) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.29 earnings per share (EPS) for the quarter. The business had revenue of $324.97 million during the quarter.

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.