ProFrac (NASDAQ:PFHC) Reaches New 52-Week Low at $7.97

Shares of ProFrac Holding Corp. (NASDAQ:PFHC) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $7.97 and last traded at $8.00, with a volume of 934091 shares traded. The stock had previously closed at $8.30.

ProFrac Stock Up 1.2 %

The company has a fifty day moving average price of $7.99 and a 200 day moving average price of $8.63. The company has a current ratio of 1.63, a quick ratio of 1.20 and a debt-to-equity ratio of 2.35.

Institutional Investors Weigh In On ProFrac

Several institutional investors have recently added to or reduced their stakes in the business. Metropolitan Life Insurance Co NY increased its holdings in shares of ProFrac by 54.7% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 1,505 shares of the company’s stock worth $38,000 after purchasing an additional 532 shares during the period. Money Concepts Capital Corp purchased a new stake in ProFrac during the fourth quarter valued at about $58,000. Alpha Paradigm Partners LLC bought a new position in ProFrac during the 3rd quarter worth approximately $62,000. Point72 Hong Kong Ltd bought a new position in shares of ProFrac in the second quarter worth approximately $67,000. Finally, California State Teachers Retirement System purchased a new position in shares of ProFrac in the third quarter valued at about $83,000. 20.68% of the stock is owned by hedge funds and other institutional investors.

About ProFrac

ProFrac Holding Corp., a vertically integrated and energy services company, provides hydraulic fracturing, completion, and other products and services to upstream oil and gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources. It operates through three segments: Stimulation Services, Manufacturing, and Proppant Production.