OMS Energy Technologies (NASDAQ:OMSE) Trading Down 0.2% – Here’s Why

OMS Energy Technologies Inc. (NASDAQ:OMSE) shares traded down 0.2% during mid-day trading on Thursday . The company traded as low as $4.50 and last traded at $4.52. 3,891 shares were traded during mid-day trading, a decline of 64% from the average session volume of 10,917 shares. The stock had previously closed at $4.53.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e)” rating on shares of OMS Energy Technologies in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, OMS Energy Technologies currently has a consensus rating of “Hold” and a consensus price target of $10.00.

OMS Energy Technologies Stock Down 0.2%

The stock has a 50 day moving average of $4.56 and a 200 day moving average of $4.95.

Hedge Funds Weigh In On OMS Energy Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Americana Partners LLC acquired a new position in shares of OMS Energy Technologies in the second quarter worth $75,000. XTX Topco Ltd acquired a new position in shares of OMS Energy Technologies during the fourth quarter valued at about $63,000. Sanders Morris Harris LLC acquired a new stake in OMS Energy Technologies during the third quarter worth $73,000. Citadel Advisors LLC bought a new stake in shares of OMS Energy Technologies in the 3rd quarter valued at approximately $80,000. Finally, Geode Capital Management LLC acquired a new stake in shares of OMS Energy Technologies during the 2nd quarter worth about $148,000.

OMS Energy Technologies Company Profile

We are a growth-oriented manufacturer of surface wellhead systems, or SWS, and oil country tubular goods, or OCTG products used in the oil and gas industry. These products are primarily used for both onshore and offshore oil exploration and production, or E&P activities in the Asia Pacific and the Middle Eastern and North Africa (MENA) Regions. Our customers often operate in geographic locations where the operating environment requires wellheads, casing and tubing materials capable of meeting exact standards for temperature, pressure, corrosion, torque resistance and abrasion.