Civeo Corp (NYSE:CVEO)’s share price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $1.34 and traded as low as $1.31. Civeo shares last traded at $1.46, with a volume of 383,170 shares changing hands.

A number of research firms have issued reports on CVEO. Zacks Investment Research lowered shares of Civeo from a “buy” rating to a “hold” rating in a research note on Wednesday, December 25th. ValuEngine raised shares of Civeo from a “hold” rating to a “buy” rating in a research note on Friday, January 10th.

The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.33 and a current ratio of 1.39. The business’s 50 day simple moving average is $1.34 and its 200-day simple moving average is $1.23. The stock has a market capitalization of $223.81 million, a price-to-earnings ratio of -5.62 and a beta of 3.89.

Institutional investors have recently bought and sold shares of the business. Cubist Systematic Strategies LLC raised its position in shares of Civeo by 86.1% during the 4th quarter. Cubist Systematic Strategies LLC now owns 23,488 shares of the business services provider’s stock worth $30,000 after buying an additional 10,869 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Civeo by 569.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 28,019 shares of the business services provider’s stock worth $36,000 after buying an additional 23,835 shares in the last quarter. Zeke Capital Advisors LLC bought a new stake in shares of Civeo during the 3rd quarter worth about $36,000. Millennium Management LLC bought a new stake in shares of Civeo during the 3rd quarter worth about $45,000. Finally, Goldman Sachs Group Inc. raised its position in shares of Civeo by 162.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 93,038 shares of the business services provider’s stock worth $120,000 after buying an additional 57,633 shares in the last quarter. 64.85% of the stock is owned by hedge funds and other institutional investors.

Civeo Company Profile (NYSE:CVEO)

Civeo Corporation provides hospitality services to the natural resource industry in Canada, Australia, the United States, and internationally. The company develops lodges and villages; and mobile accommodations, including modular, skid-mounted accommodation, and central facilities that provide long-term and temporary work force accommodations.

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