Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft (OTCMKTS:SBOEF) Trading Down 6.9%

Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft (OTCMKTS:SBOEFGet Rating)’s stock price fell 6.9% on Tuesday . The stock traded as low as $58.70 and last traded at $58.70. 100 shares were traded during trading, a decline of 33% from the average session volume of 150 shares. The stock had previously closed at $63.05.

Several brokerages recently weighed in on SBOEF. Kepler Capital Markets downgraded Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft from a “buy” rating to a “hold” rating in a research note on Friday, March 18th. Cheuvreux upgraded Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note on Friday, May 20th.

The firm has a 50 day moving average of $59.54 and a two-hundred day moving average of $50.26.

About Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft (OTCMKTS:SBOEF)

Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft designs, manufactures, and sells equipment for the oil and gas industry worldwide. The company operates in two segments, Advanced Manufacturing & Services, and Oilfield Equipment. The company offers non-magnetic steel grades. It also provides high precision MWD/LWD, such as collars for use as high-tech housings for special logging instruments, sensors, antennas, and generators.

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