Natural Gas Services Group (NYSE:NGS) Shares Pass Above 200-Day Moving Average - Here's Why

Natural Gas Services Group, Inc. (NYSE:NGS - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $22.93 and traded as high as $27.13. Natural Gas Services Group shares last traded at $26.93, with a volume of 43,217 shares.

Wall Street Analyst Weigh In

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 Down 1.8 %

The company has a market cap of $319.98 million, a PE ratio of 20.02 and a beta of 1.12. The company has a fifty day moving average of $26.70 and a two-hundred day moving average of $23.02. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.16 and a current ratio of 1.76.

Insider Buying and Selling

In other news, Director Stephen Charles Taylor sold 19,400 shares of the business's stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $28.80, for a total transaction of $558,720.00. Following the completion of the sale, the director now directly owns 438,387 shares of the company's stock, valued at approximately $12,625,545.60. The trade was a 4.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 60,292 shares of company stock valued at $1,635,353 in the last ninety days. 7.25% of the stock is owned by company insiders.

Institutional Investors Weigh In On Natural Gas Services Group

Several large investors have recently added to or reduced their stakes in NGS. Proficio Capital Partners LLC purchased a new stake in shares of Natural Gas Services Group in the 4th quarter worth $5,733,000. Raymond James Financial Inc. purchased a new stake in shares of Natural Gas Services Group in the 4th quarter worth approximately $1,001,000. Inspire Investing LLC bought a new position in shares of Natural Gas Services Group during the fourth quarter valued at approximately $890,000. State Street Corp raised its stake in Natural Gas Services Group by 19.1% in the third quarter. State Street Corp now owns 162,646 shares of the oil and gas company's stock worth $3,108,000 after buying an additional 26,069 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in Natural Gas Services Group by 195.2% during the fourth quarter. Rhumbline Advisers now owns 31,362 shares of the oil and gas company's stock worth $840,000 after buying an additional 20,738 shares during the period. 65.62% of the stock is owned by hedge funds and other institutional investors.

About Natural Gas Services Group

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.