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

National Energy Services Reunited Corp. (NASDAQ:NESR)’s share price gapped down prior to trading 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 changing hands.

National Energy Services Reunited Price Performance

The business’s fifty day moving average is $7.75 and its 200-day moving average is $6.31.

Institutional Investors Weigh In On National Energy Services Reunited

Institutional investors have recently bought and sold shares of the stock. Quarry LP grew its holdings in National Energy Services Reunited by 1,641.3% in the first quarter. Quarry LP now owns 8,132 shares of the company’s stock valued at $43,000 after purchasing an additional 7,665 shares during the period. Quantbot Technologies LP grew its stake in National Energy Services Reunited by 48.0% during the first quarter. Quantbot Technologies LP now owns 5,772 shares of the company’s stock worth $48,000 after buying an additional 1,872 shares during the period. State of Wyoming purchased a new stake in National Energy Services Reunited during the fourth quarter worth approximately $54,000. Public Employees Retirement System of Ohio purchased a new stake in National Energy Services Reunited during the first quarter worth approximately $65,000. Finally, Barclays PLC grew its stake in National Energy Services Reunited by 79.5% during the fourth quarter. Barclays PLC now owns 10,243 shares of the company’s stock worth $71,000 after buying an additional 4,536 shares during the period. 15.55% of the stock is currently owned by hedge funds and other institutional investors.

About National Energy Services Reunited

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.