National Energy Services Reunited (NASDAQ:NESR) Sees Large Volume Increase – What’s Next?

Shares of National Energy Services Reunited Corp. (NASDAQ:NESR) saw unusually-high trading volume on Tuesday . Approximately 294,301 shares traded hands during mid-day trading, an increase of 141% from the previous session’s volume of 122,300 shares.The stock last traded at $9.70 and had previously closed at $9.45.

National Energy Services Reunited Stock Performance

The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 0.89. The stock has a 50 day moving average price of $9.20 and a two-hundred day moving average price of $9.28.

National Energy Services Reunited (NASDAQ:NESR) last issued its earnings results on Thursday, August 29th. The company reported $0.29 earnings per share (EPS) for the quarter. The company had revenue of $324.97 million for the quarter.

About National Energy Services Reunited

National Energy Services Reunited Corp. provides oilfield services in the Middle East and North Africa region. The company’s Production Services segment offers hydraulic fracturing services; coiled tubing services, including nitrogen lifting, fishing, milling, clean-out, scale removal, and other well applications; stimulation and pumping services; primary and remedial cementing services; nitrogen services; filtration services, as well as frac tanks and pumping units; and pipeline and industrial services, such as water filling and hydro testing, nitrogen purging, and de-gassing and pressure testing, as well as cutting/welding and cooling down piping/vessels systems.