ProFrac (NASDAQ:PFHC) Sets New 1-Year Low at $11.02

Shares of ProFrac Holding Corp. (NASDAQ:PFHC) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $11.02 and last traded at $11.12, with a volume of 405159 shares. The stock had previously closed at $11.42.

ProFrac Stock Up 6.8 %

The firm has a fifty day moving average of $11.69 and a 200-day moving average of $12.62. The company has a current ratio of 1.63, a quick ratio of 1.20 and a debt-to-equity ratio of 2.35.

Hedge Funds Weigh In On ProFrac

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of ProFrac by 33.7% in the third quarter. Vanguard Group Inc. now owns 1,820,223 shares of the company’s stock worth $27,687,000 after acquiring an additional 458,596 shares during the last quarter. Driehaus Capital Management LLC grew its position in ProFrac by 15.5% during the fourth quarter. Driehaus Capital Management LLC now owns 1,169,038 shares of the company’s stock valued at $29,460,000 after acquiring an additional 156,826 shares during the period. Canoe Financial LP acquired a new position in shares of ProFrac during the first quarter worth about $12,258,000. BlackRock Inc. lifted its stake in shares of ProFrac by 280.4% during the third quarter. BlackRock Inc. now owns 934,007 shares of the company’s stock worth $14,206,000 after purchasing an additional 688,489 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new position in shares of ProFrac during the second quarter worth about $15,175,000. 20.68% of the stock is owned by institutional investors and hedge funds.

About ProFrac

ProFrac Holding Corp., a vertically integrated and energy services company, provides hydraulic fracturing, completion, and other products and services to upstream oil and gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources. It operates through three segments: Stimulation Services, Manufacturing, and Proppant Production.