OMS Energy Technologies Inc. (NASDAQ:OMSE – Get Free Report)’s stock price was down 0.6% during trading on Wednesday. The stock traded as low as $3.89 and last traded at $3.9850. 22,896 shares were traded during trading, an increase of 35% from the average daily volume of 16,964 shares. The stock had previously closed at $4.01.
Wall Street Analyst Weigh In
OMSE has been the topic of a number of research reports. Weiss Ratings reiterated a “sell (d)” rating on shares of OMS Energy Technologies in a research report on Thursday, August 27th. Zacks Research upgraded OMS Energy Technologies to a “hold” rating in a research report on Tuesday, August 4th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce”.
Check Out Our Latest Research Report on OMSE
OMS Energy Technologies Trading Down 2.0%
The company has a 50-day moving average price of $4.33 and a 200-day moving average price of $4.43.
Institutional Inflows and Outflows
A hedge fund recently bought a new position in OMS Energy Technologies stock. Ramsey Quantitative Systems acquired a new position in OMS Energy Technologies Inc. (NASDAQ:OMSE – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 36,978 shares of the company’s stock, valued at approximately $143,000. Ramsey Quantitative Systems owned approximately 0.09% of OMS Energy Technologies as of its most recent filing with the SEC.
About OMS Energy Technologies
OMS Energy Technologies (NASDAQ: OMSE) is an energy-services and manufacturing company focused on products used in oil and gas well construction and production. The company primarily supplies oil country tubular goods (OCTG), including casing and tubing, which are installed in wells to support drilling operations and transport hydrocarbons.
Its product and service offerings include threaded and coupled tubular products, premium connections, related accessories, and associated inspection, processing and supply-chain services.
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