OMS Energy Technologies (NASDAQ:OMSE) Trading Down 0.2% – Time to Sell?

OMS Energy Technologies Inc. (NASDAQ:OMSE) dropped 0.2% on Thursday . The company traded as low as $4.50 and last traded at $4.52. Approximately 3,891 shares traded hands during trading, a decline of 64% from the average daily volume of 10,917 shares. The stock had previously closed at $4.53.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e)” rating on shares of OMS Energy Technologies in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $10.00.

OMS Energy Technologies Stock Performance

The business has a 50-day simple moving average of $4.56 and a 200-day simple moving average of $4.95.

Institutional Investors Weigh In On OMS Energy Technologies

A number of large investors have recently bought and sold shares of OMSE. Americana Partners LLC purchased a new position in OMS Energy Technologies in the second quarter valued at $75,000. Sanders Morris Harris LLC acquired a new position in OMS Energy Technologies in the third quarter valued at approximately $73,000. Two Sigma Investments LP acquired a new position in OMS Energy Technologies in the third quarter valued at about $310,000. Citadel Advisors LLC purchased a new position in shares of OMS Energy Technologies during the third quarter worth $80,000. Finally, Millennium Management LLC acquired a new position in shares of OMS Energy Technologies in the third quarter valued at approximately $474,000.

OMS Energy Technologies Company Profile

We are a growth-oriented manufacturer of surface wellhead systems, or SWS, and oil country tubular goods, or OCTG products used in the oil and gas industry. These products are primarily used for both onshore and offshore oil exploration and production, or E&P activities in the Asia Pacific and the Middle Eastern and North Africa (MENA) Regions. Our customers often operate in geographic locations where the operating environment requires wellheads, casing and tubing materials capable of meeting exact standards for temperature, pressure, corrosion, torque resistance and abrasion.