Civeo Corp (NYSE:CVEO) shot up 7.5% during trading on Friday . The stock traded as high as $0.93 and last traded at $0.91, 948,321 shares changed hands during mid-day trading. An increase of 148% from the average session volume of 382,114 shares. The stock had previously closed at $0.85.
Several research firms have commented on CVEO. ValuEngine cut shares of Civeo from a “hold” rating to a “sell” rating in a research report on Thursday, November 7th. Zacks Investment Research upgraded shares of Civeo from a “hold” rating to a “strong-buy” rating and set a $1.25 price objective for the company in a report on Thursday, October 31st.
The firm’s fifty day moving average price is $1.03 and its 200-day moving average price is $1.39. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.39 and a quick ratio of 1.33. The firm has a market capitalization of $152.60 million, a P/E ratio of -1.38 and a beta of 4.00.
Several institutional investors have recently bought and sold shares of the company. Moors & Cabot Inc. boosted its holdings in shares of Civeo by 34.7% in the third quarter. Moors & Cabot Inc. now owns 495,000 shares of the business services provider’s stock valued at $631,000 after acquiring an additional 127,650 shares in the last quarter. Zeke Capital Advisors LLC bought a new stake in Civeo during the third quarter worth approximately $36,000. UBS Asset Management Americas Inc. boosted its holdings in Civeo by 96.6% during the second quarter. UBS Asset Management Americas Inc. now owns 75,627 shares of the business services provider’s stock worth $130,000 after buying an additional 37,158 shares in the last quarter. Cloverdale Capital Management LLC boosted its holdings in Civeo by 1.2% during the second quarter. Cloverdale Capital Management LLC now owns 3,870,147 shares of the business services provider’s stock worth $6,657,000 after buying an additional 47,004 shares in the last quarter. Finally, Algert Global LLC bought a new stake in Civeo during the second quarter worth approximately $51,000. Institutional investors and hedge funds own 65.86% of the company’s stock.
Civeo Company Profile (NYSE:CVEO)
Civeo Corporation provides hospitality services to the natural resource industry in Canada, Australia, the United States, and internationally. The company develops lodges and villages; and mobile accommodations, including modular, skid-mounted accommodation, and central facilities that provide long-term and temporary work force accommodations.
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