Zacks Investment Research cut shares of Nuverra Environmental Solutions Inc (NASDAQ:NESC) from a hold rating to a sell rating in a report released on Tuesday.

According to Zacks, “Nuverra Environmental Solutions, Inc. is an environmental solutions company primarily in the United States. The company’s solution consists of: Shale Solutions and Industrial Solutions. It focuses on the delivery, collection, treatment, recycling and disposal of restricted solids, water, waste water, used motor oil, spent antifreeze, waste fluids and hydrocarbons. Nuverra Environmental Solutions, Inc. formerly known as, Heckmann Corporation, is based in Scottsdale, Arizona. “

Shares of Nuverra Environmental Solutions (NASDAQ:NESC) opened at 0.22 on Tuesday. Nuverra Environmental Solutions has a 52 week low of $0.13 and a 52 week high of $1.92. The company’s 50 day moving average price is $0.21 and its 200-day moving average price is $0.25. The firm’s market capitalization is $32.92 million.

About Nuverra Environmental Solutions

Nuverra Environmental Solutions, Inc (Nuverra) provides environmental solutions to customers focused on the development and production of oil and natural gas from shale formations. The Company’s environmental solutions include delivery, collection, treatment, recycling, disposal of water, wastewater, waste fluids, hydrocarbons, and restricted solids that are part of the drilling, completion, and production of shale oil and natural gas.

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