CES Energy Solutions (OTCMKTS:CESDF) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

CES Energy Solutions Corp. (OTCMKTS:CESDF) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $5.29 and traded as high as $6.22. CES Energy Solutions shares last traded at $6.16, with a volume of 1,339 shares traded.

Wall Street Analyst Weigh In

CESDF has been the topic of several research analyst reports. Royal Bank Of Canada restated an “outperform” rating on shares of CES Energy Solutions in a research report on Friday, August 8th. Scotiabank restated an “outperform” rating on shares of CES Energy Solutions in a research report on Friday. Finally, Raymond James Financial reiterated a “strong-buy” rating on shares of CES Energy Solutions in a research report on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. According to MarketBeat, CES Energy Solutions has a consensus rating of “Buy”.

CES Energy Solutions Stock Down 1.0%

The firm’s 50-day moving average is $6.21 and its 200 day moving average is $5.29.

CES Energy Solutions Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st were issued a $0.0309 dividend. This is a positive change from CES Energy Solutions’s previous dividend of $0.03. The ex-dividend date was Tuesday, September 30th. This represents a yield of 195.0%. CES Energy Solutions’s payout ratio is currently 97.87%.

CES Energy Solutions Company Profile

CES Energy Solutions Corp., together with its subsidiaries, engages in design, implement, and manufacture of advanced consumable fluids and specialty chemicals in the United States and Canada. The company provides solutions for drill-bit, point of completion and stimulation, wellhead and pump-jack, and pipeline and midstream markets.