Nuverra Environmental Solutions (NYSEAMERICAN:NES) Shares Up 11.4% – Time to Buy?

Nuverra Environmental Solutions, Inc. (NYSEAMERICAN:NES)’s share price was up 11.4% during trading on Wednesday . The company traded as high as $2.23 and last traded at $2.15. 249,200 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 1,113,275 shares. The stock had previously closed at $1.93.

Nuverra Environmental Solutions Trading Up 11.4%

The firm has a market capitalization of $34.40 million, a price-to-earnings ratio of -1.32 and a beta of 1.43. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.40 and a current ratio of 1.54. The company has a 50 day moving average price of $2.15 and a two-hundred day moving average price of $2.15.

Nuverra Environmental Solutions Company Profile

Nuverra Environmental Solutions, Inc provides integrated environmental services to upstream oil and gas producers, with a primary focus on comprehensive water and waste‐management solutions. The company’s core offerings include fluid handling and disposal, water treatment and recycling, industrial cleaning, and site remediation services. By combining fixed‐site facilities with a mobile fleet, Nuverra helps operators manage produced water, drilling waste and other byproducts throughout the well-life cycle.

Nuverra’s service platform features both proprietary and third-party treatment technologies designed to reduce disposal volumes and lower overall water-handling costs.