Shares of Cypress Energy Partners LP (NYSE:CELP) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $7.26. Cypress Energy Partners shares last traded at $7.17, with a volume of 3,590 shares traded.
Separately, ValuEngine downgraded shares of Cypress Energy Partners from a “hold” rating to a “sell” rating in a research report on Friday, April 5th.
The company has a market capitalization of $87.77 million, a P/E ratio of 10.12 and a beta of 1.60. The company has a current ratio of 2.63, a quick ratio of 2.63 and a debt-to-equity ratio of 10.97. The firm has a 50-day moving average of $7.33.
In other Cypress Energy Partners news, insider John T. Mcnabb II bought 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The shares were purchased at an average cost of $7.28 per share, for a total transaction of $36,400.00. Following the purchase, the insider now directly owns 65,262 shares in the company, valued at $475,107.36. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders have purchased 13,000 shares of company stock worth $95,500.
About Cypress Energy Partners (NYSE:CELP)
Cypress Energy Partners, L.P. provides pipeline inspection and integrity, and water and environmental services in North America. The company operates in three segments: Pipeline Inspection Services, Pipeline & Process Services, and Water and Environmental Services. The Pipeline Inspection Services segment offers independent inspection services for various facilities and equipment, such as transmission pipelines; oil and natural gas gathering systems; pump, compressor, measurement, and regulation stations; storage facilities and terminals; and gas distribution systems.
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