National Energy Services Reunited (NASDAQ:NESR) Shares Gap Up – Here’s Why

National Energy Services Reunited Corp. (NASDAQ:NESR)’s share price gapped up before the market opened on Monday . The stock had previously closed at $8.49, but opened at $9.00. National Energy Services Reunited shares last traded at $9.10, with a volume of 3,700 shares.

National Energy Services Reunited Stock Performance

The company’s 50-day simple moving average is $9.19 and its 200 day simple moving average is $9.28. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.89 and a current ratio of 1.07.

National Energy Services Reunited (NASDAQ:NESR) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.29 earnings per share for the quarter. The business had revenue of $324.97 million during the quarter.

About National Energy Services Reunited

National Energy Services Reunited Corp. provides oilfield services in the Middle East and North Africa region. 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.