ProFrac Holding Corp. (NASDAQ:PFHC – Get Free Report) shares hit a new 52-week low on Monday . The stock traded as low as $8.47 and last traded at $8.49, with a volume of 1018705 shares trading hands. The stock had previously closed at $8.45.
ProFrac Stock Performance
The company’s fifty day simple moving average is $8.20 and its 200-day simple moving average is $8.41. The company has a quick ratio of 1.20, a current ratio of 1.63 and a debt-to-equity ratio of 2.35.
Institutional Investors Weigh In On ProFrac
Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in ProFrac by 33.7% in the 3rd quarter. Vanguard Group Inc. now owns 1,820,223 shares of the company’s stock worth $27,687,000 after purchasing an additional 458,596 shares in the last quarter. BlackRock Inc. increased its position in shares of ProFrac by 280.4% in the 3rd quarter. BlackRock Inc. now owns 934,007 shares of the company’s stock valued at $14,206,000 after acquiring an additional 688,489 shares during the period. Citadel Advisors LLC purchased a new position in ProFrac in the 2nd quarter worth $15,175,000. Geode Capital Management LLC lifted its position in ProFrac by 39.5% during the 4th quarter. Geode Capital Management LLC now owns 487,196 shares of the company’s stock worth $12,277,000 after acquiring an additional 138,040 shares during the period. Finally, State Street Corp grew its stake in ProFrac by 766.8% during the 3rd quarter. State Street Corp now owns 388,304 shares of the company’s stock valued at $5,906,000 after purchasing an additional 343,509 shares during the last quarter. Institutional investors and hedge funds own 20.68% of the company’s stock.
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.
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