Natural Gas Services Group (NYSE:NGS) Shares Pass Above Two Hundred Day Moving Average - Here's Why

Natural Gas Services Group, Inc. (NYSE:NGS - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $22.06 and traded as high as $27.67. Natural Gas Services Group shares last traded at $27.19, with a volume of 40,266 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Natural Gas Services Group from a "sell" rating to a "hold" rating in a report on Wednesday, November 20th.

Natural Gas Services Group Stock Performance

The company has a current ratio of 1.76, a quick ratio of 1.16 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $342.85 million, a PE ratio of 21.45 and a beta of 1.14. The business's 50 day moving average is $25.97 and its 200 day moving average is $22.12.

Insider Activity

In related news, Director Stephen Charles Taylor sold 3,096 shares of the business's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $24.50, for a total value of $75,852.00. Following the completion of the transaction, the director now owns 545,291 shares of the company's stock, valued at $13,359,629.50. The trade was a 0.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Over the last 90 days, insiders have sold 40,892 shares of company stock worth $1,076,633. Company insiders own 7.25% of the company's stock.

Institutional Trading of Natural Gas Services Group

A number of institutional investors have recently modified their holdings of the company. GSA Capital Partners LLP boosted its stake in Natural Gas Services Group by 3.2% in the third quarter. GSA Capital Partners LLP now owns 18,070 shares of the oil and gas company's stock valued at $345,000 after acquiring an additional 557 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Natural Gas Services Group by 5.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 31,148 shares of the oil and gas company's stock valued at $595,000 after buying an additional 1,485 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Natural Gas Services Group by 54.7% in the third quarter. BNP Paribas Financial Markets now owns 8,647 shares of the oil and gas company's stock worth $165,000 after acquiring an additional 3,056 shares in the last quarter. MetLife Investment Management LLC increased its stake in Natural Gas Services Group by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 6,325 shares of the oil and gas company's stock valued at $121,000 after purchasing an additional 3,564 shares in the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of Natural Gas Services Group by 5.2% in the third quarter. Empowered Funds LLC now owns 88,857 shares of the oil and gas company's stock worth $1,698,000 after buying an additional 4,422 shares during the last quarter. 65.62% of the stock is currently owned by institutional investors.

Natural Gas Services Group Company Profile

Natural Gas Services Group, Inc provides natural gas compression equipment and services to the energy industry in the United States. It engineers and fabricates, operates, rents, and maintains natural gas compressors for oil and natural gas production and plant facilities. It also designs, fabricates, and assembles compressor units for rental or sale; and designs, manufactures, and sells a line of reciprocating natural gas compressor frames, cylinders, and parts.