National Energy Services Reunited (NASDAQ:NESR) Shares Gap Down to $8.80

National Energy Services Reunited Corp. (NASDAQ:NESR) shares gapped down prior to trading on Monday . The stock had previously closed at $8.80, but opened at $8.50. National Energy Services Reunited shares last traded at $8.65, with a volume of 5,073 shares trading hands.

National Energy Services Reunited Price Performance

The business’s 50-day moving average price is $8.01 and its 200 day moving average price is $6.67.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of NESR. Deutsche Bank AG raised its position in shares of National Energy Services Reunited by 17.7% in the 4th quarter. Deutsche Bank AG now owns 18,192 shares of the company’s stock valued at $126,000 after buying an additional 2,736 shares in the last quarter. Ethic Inc. bought a new stake in National Energy Services Reunited during the 1st quarter worth approximately $117,000. Schonfeld Strategic Advisors LLC bought a new stake in National Energy Services Reunited during the 4th quarter worth approximately $114,000. Barclays PLC grew its holdings in National Energy Services Reunited by 89.8% during the 1st quarter. Barclays PLC now owns 19,437 shares of the company’s stock worth $102,000 after acquiring an additional 9,194 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in National Energy Services Reunited during the 1st quarter worth 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.