Civeo (NYSE:CVEO) Stock Price Crosses Above Fifty Day Moving Average – Should You Sell?

Civeo Co. (NYSE:CVEO) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $23.14 and traded as high as $23.80. Civeo shares last traded at $23.61, with a volume of 731,515 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Civeo from a “strong-buy” rating to a “buy” rating in a research report on Sunday, December 29th.

Civeo Price Performance

The firm has a 50-day moving average of $23.14 and a 200 day moving average of $25.51. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.36 and a quick ratio of 1.28. The company has a market capitalization of $325.07 million, a PE ratio of 16.86 and a beta of 2.00.

Civeo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, February 24th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, February 24th. This represents a $1.00 annualized dividend and a dividend yield of 4.24%. Civeo’s payout ratio is 71.43%.

Institutional Investors Weigh In On Civeo

Several institutional investors and hedge funds have recently added to or reduced their stakes in CVEO. Quantbot Technologies LP bought a new position in shares of Civeo during the 3rd quarter valued at $68,000. SG Americas Securities LLC lifted its holdings in Civeo by 42.4% in the fourth quarter. SG Americas Securities LLC now owns 6,552 shares of the business services provider’s stock valued at $149,000 after acquiring an additional 1,950 shares during the period. State Street Corp purchased a new position in Civeo in the third quarter worth about $222,000. XTX Topco Ltd bought a new stake in shares of Civeo during the 3rd quarter valued at about $231,000. Finally, Ritholtz Wealth Management bought a new stake in shares of Civeo during the 3rd quarter valued at about $298,000. Hedge funds and other institutional investors own 81.44% of the company’s stock.

About Civeo

Civeo Corporation provides hospitality services to the natural resource industry in Canada, Australia, and the United States. The company develops lodges and villages; and mobile assets, including modular, skid-mounted accommodation, and central facilities that provide short to medium-term accommodation needs.