Nuverra Environmental Solutions (NYSEAMERICAN:NES) Shares Up 11.4% – Still a Buy?

Nuverra Environmental Solutions, Inc. (NYSEAMERICAN:NES) shares rose 11.4% during trading on Tuesday . The company traded as high as $2.23 and last traded at $2.15. Approximately 249,200 shares were traded during trading, a decline of 78% from the average daily volume of 1,113,275 shares. The stock had previously closed at $1.93.

Nuverra Environmental Solutions Stock Performance

The company has a market capitalization of $34.40 million, a P/E ratio of -1.32 and a beta of 1.43. The firm has a 50 day moving average price of $2.15 and a two-hundred day moving average price of $2.15. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.40 and a current ratio of 1.54.

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.