National Energy Services Reunited (NASDAQ:NESR) Shares Gap Down to $8.18

National Energy Services Reunited Corp. (NASDAQ:NESR) shares gapped down before the market opened on Tuesday . The stock had previously closed at $8.18, but opened at $8.00. National Energy Services Reunited shares last traded at $8.00, with a volume of 15,506 shares traded.

National Energy Services Reunited Stock Performance

The stock has a fifty day simple moving average of $7.75 and a 200-day simple moving average of $6.31.

Hedge Funds Weigh In On National Energy Services Reunited

Institutional investors have recently modified their holdings of the business. Quantbot Technologies LP lifted its holdings in shares of National Energy Services Reunited by 48.0% during the 1st quarter. Quantbot Technologies LP now owns 5,772 shares of the company’s stock valued at $48,000 after purchasing an additional 1,872 shares in the last quarter. State of Wyoming bought a new position in shares of National Energy Services Reunited during the 4th quarter valued at about $54,000. Quarry LP lifted its holdings in shares of National Energy Services Reunited by 1,641.3% during the 1st quarter. Quarry LP now owns 8,132 shares of the company’s stock valued at $43,000 after purchasing an additional 7,665 shares in the last quarter. Barclays PLC lifted its stake in National Energy Services Reunited by 79.5% in the 4th quarter. Barclays PLC now owns 10,243 shares of the company’s stock valued at $71,000 after acquiring an additional 4,536 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in National Energy Services Reunited in the 1st quarter valued at approximately $87,000. Institutional investors own 15.55% of the company’s stock.

National Energy Services Reunited Company Profile

National Energy Services Reunited Corp. provides oilfield services to oil and gas companies in the Middle East, North Africa, and internationally. 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.