Ensign Energy Services (TSE:ESI) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Ensign Energy Services Inc. (TSE:ESIGet Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$2.18 and traded as high as C$2.70. Ensign Energy Services shares last traded at C$2.57, with a volume of 218,455 shares traded.

Ensign Energy Services Trading Down 4.1%

The firm has a market capitalization of C$472.17 million, a PE ratio of -12.85, a P/E/G ratio of 202.94 and a beta of 2.07. The company has a debt-to-equity ratio of 84.02, a quick ratio of 1.30 and a current ratio of 0.98. The firm has a fifty day moving average of C$2.26 and a 200 day moving average of C$2.18.

About Ensign Energy Services

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Ensign Energy Services Inc offers services in drilling and well servicing, oil sands coring, directional drilling, underbalanced and managed pressure drilling, equipment rentals, transportation, wireline services, and production testing services. Ensign produces enhanced drilling with the help of its proprietary automated drilling rigs.

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