CES Energy Solutions (OTCMKTS:CESDF) Stock Passes Above 50 Day Moving Average – Here’s Why

Shares of CES Energy Solutions Corp. (OTCMKTS:CESDF) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $6.55 and traded as high as $7.01. CES Energy Solutions shares last traded at $6.7365, with a volume of 943 shares.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Raymond James Financial reissued a “strong-buy” rating on shares of CES Energy Solutions in a research note on Monday, August 11th. Scotiabank reiterated an “outperform” rating on shares of CES Energy Solutions in a research report on Friday, October 17th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of CES Energy Solutions in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

CES Energy Solutions Trading Down 3.9%

The business has a 50-day moving average price of $6.55 and a two-hundred day moving average price of $5.60.

CES Energy Solutions Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st were issued a dividend of $0.0309 per share. This is an increase from CES Energy Solutions’s previous dividend of $0.03. This represents a dividend yield of 195.0%. The ex-dividend date was Tuesday, September 30th. CES Energy Solutions’s dividend payout ratio is 97.87%.

About CES Energy Solutions

CES Energy Solutions Corp., together with its subsidiaries, engages in design, implement, and manufacture of advanced consumable fluids and specialty chemicals in the United States and Canada. The company provides solutions for drill-bit, point of completion and stimulation, wellhead and pump-jack, and pipeline and midstream markets.