Nuverra Environmental Solutions (NYSEAMERICAN:NES) Shares Up 11.4% – Time to Buy?

Nuverra Environmental Solutions, Inc. (NYSEAMERICAN:NES)’s share price shot up 11.4% during mid-day trading on Tuesday . The company traded as high as $2.23 and last traded at $2.15. 249,200 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 1,113,275 shares. The stock had previously closed at $1.93.

Nuverra Environmental Solutions Stock Up 11.4%

The firm’s 50-day moving average price is $2.15 and its 200 day moving average price is $2.15. The firm has a market capitalization of $34.40 million, a price-to-earnings ratio of -1.32 and a beta of 1.43. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.54 and a quick ratio of 1.40.

About Nuverra Environmental Solutions

Nuverra Environmental Solutions, Inc provides integrated environmental services to upstream oil and gas producers, with a primary focus on comprehensive water and waste‐management solutions. The company’s core offerings include fluid handling and disposal, water treatment and recycling, industrial cleaning, and site remediation services. By combining fixed‐site facilities with a mobile fleet, Nuverra helps operators manage produced water, drilling waste and other byproducts throughout the well-life cycle.

Nuverra’s service platform features both proprietary and third-party treatment technologies designed to reduce disposal volumes and lower overall water-handling costs.