CES Energy Solutions (OTCMKTS:CESDF) Stock Breaks Below 50 Day Moving Average – Here’s What Happened

CES Energy Solutions Corp. (OTCMKTS:CESDF)’s stock price passed below its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $13.35 and traded as low as $12.9510. CES Energy Solutions shares last traded at $12.9510, with a volume of 369 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CESDF. National Bank Financial upgraded CES Energy Solutions from a “sector perform” rating to an “outperform” rating in a report on Friday, August 7th. Scotiabank reissued an “outperform” rating on shares of CES Energy Solutions in a research report on Monday, August 10th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of CES Energy Solutions in a research report on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

CES Energy Solutions Trading Down 1.5%

The firm’s 50-day moving average price is $13.44 and its 200 day moving average price is $12.82.

About CES Energy Solutions

CES Energy Solutions Ltd. is a Canadian energy-services company that develops, manufactures and supplies specialty chemical products for the oil and natural gas industry. Its offerings are designed to support drilling, hydraulic fracturing, well completion, production, transportation and other stages of the energy-development process.

The company provides drilling-fluid systems and additives, production chemicals, fracturing chemicals, cementing products and related treatment solutions.