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

CES Energy Solutions Corp. (OTCMKTS:CESDF)’s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $8.96 and traded as high as $10.5255. CES Energy Solutions shares last traded at $10.40, with a volume of 3,167 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CESDF shares. Royal Bank Of Canada reissued an “outperform” rating on shares of CES Energy Solutions in a report on Monday, November 17th. National Bankshares reiterated an “outperform” rating on shares of CES Energy Solutions in a research report on Thursday, November 20th. Scotiabank reaffirmed an “outperform” rating on shares of CES Energy Solutions in a research note on Monday, November 17th. Finally, TD Securities restated a “buy” rating on shares of CES Energy Solutions in a research report on Friday, November 14th. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. According to MarketBeat, CES Energy Solutions presently has an average rating of “Buy”.

CES Energy Solutions Stock Performance

The firm’s fifty day simple moving average is $8.96 and its 200 day simple moving average is $7.08.

CES Energy Solutions Company Profile

CES Energy Solutions Corp. is a North American provider of specialty chemical solutions and services to the oil and gas industry. The company develops, manufactures and markets a comprehensive range of products used in drilling, completion, production and environmental applications. These offerings include drilling and completion fluids, production chemicals, proppants and solids control equipment, all designed to optimize well performance and minimize environmental impact.

Headquartered in Calgary, Alberta, CES Energy Solutions operates a network of manufacturing, blending and distribution facilities across Canada and the United States.