Natural Gas Services Group (NYSE:NGS) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Natural Gas Services Group, Inc. (NYSE:NGS)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $22.93 and traded as high as $27.13. Natural Gas Services Group shares last traded at $26.93, with a volume of 43,217 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Natural Gas Services Group from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th.

Natural Gas Services Group Trading Up 2.7 %

The business’s 50-day moving average price is $26.78 and its 200-day moving average price is $22.93. The firm has a market capitalization of $336.36 million, a PE ratio of 21.04 and a beta of 1.12. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.76 and a quick ratio of 1.16.

Insiders Place Their Bets

In other news, Director Stephen Charles Taylor sold 19,400 shares of the business’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $28.80, for a total transaction of $558,720.00. Following the transaction, the director now directly owns 438,387 shares in the company, valued at $12,625,545.60. The trade was a 4.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last ninety days, insiders sold 60,292 shares of company stock valued at $1,635,353. 7.25% of the stock is owned by company insiders.

Institutional Investors Weigh In On Natural Gas Services Group

Several institutional investors have recently made changes to their positions in the stock. MetLife Investment Management LLC grew its holdings in shares of Natural Gas Services Group by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 6,325 shares of the oil and gas company’s stock worth $121,000 after acquiring an additional 3,564 shares during the period. SG Americas Securities LLC acquired a new stake in Natural Gas Services Group in the fourth quarter valued at $128,000. BNP Paribas Financial Markets increased its position in shares of Natural Gas Services Group by 54.7% in the third quarter. BNP Paribas Financial Markets now owns 8,647 shares of the oil and gas company’s stock valued at $165,000 after buying an additional 3,056 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Natural Gas Services Group during the 3rd quarter worth $261,000. Finally, Calamos Advisors LLC purchased a new stake in shares of Natural Gas Services Group in the 4th quarter worth about $279,000. 65.62% of the stock is currently owned by hedge funds and other institutional investors.

Natural Gas Services Group Company Profile

Natural Gas Services Group, Inc provides natural gas compression equipment and services to the energy industry in the United States. It engineers and fabricates, operates, rents, and maintains natural gas compressors for oil and natural gas production and plant facilities. It also designs, fabricates, and assembles compressor units for rental or sale; and designs, manufactures, and sells a line of reciprocating natural gas compressor frames, cylinders, and parts.