Natural Gas Services Group, Inc. (NYSE:NGS - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $21.42 and traded as high as $25.97. Natural Gas Services Group shares last traded at $25.86, with a volume of 27,908 shares changing hands.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded Natural Gas Services Group from a "sell" rating to a "hold" rating in a research report on Wednesday, November 20th.
Check Out Our Latest Research Report on NGS
Natural Gas Services Group Stock Down 1.5 %
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 business's fifty day moving average price is $24.27 and its 200 day moving average price is $21.45. The company has a market capitalization of $318.12 million, a P/E ratio of 19.90 and a beta of 1.14.
Insiders Place Their Bets
In other Natural Gas Services Group news, Director Stephen Charles Taylor sold 3,096 shares of the business's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $24.50, for a total value of $75,852.00. Following the transaction, the director now directly owns 545,291 shares in the company, valued at $13,359,629.50. The trade was a 0.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 40,892 shares of company stock worth $1,076,633 over the last quarter. Company insiders own 7.25% of the company's stock.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of NGS. Bank of New York Mellon Corp bought a new stake in Natural Gas Services Group during the 2nd quarter worth approximately $788,000. Rhumbline Advisers grew its holdings in shares of Natural Gas Services Group by 2,513.0% during the second quarter. Rhumbline Advisers now owns 12,072 shares of the oil and gas company's stock worth $243,000 after purchasing an additional 11,610 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Natural Gas Services Group in the second quarter valued at $208,000. ClariVest Asset Management LLC bought a new position in shares of Natural Gas Services Group in the second quarter valued at about $693,000. Finally, American Century Companies Inc. lifted its position in Natural Gas Services Group by 5.8% during the 2nd quarter. American Century Companies Inc. now owns 127,330 shares of the oil and gas company's stock worth $2,562,000 after buying an additional 7,021 shares in the last quarter. Institutional investors own 65.62% of the company's stock.
About Natural Gas Services Group
(
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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.
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