Barnwell Industries (NYSE:BRN) Trading Down 0.8% – Time to Sell?

Barnwell Industries, Inc. (NYSE:BRN) fell 0.8% on Wednesday . The stock traded as low as $1.21 and last traded at $1.23. 2,479 shares were traded during mid-day trading, a decline of 92% from the average session volume of 31,084 shares. The stock had previously closed at $1.24.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen began coverage on Barnwell Industries in a research note on Wednesday, May 21st. They set a “hold” rating for the company.

Barnwell Industries Stock Down 0.8%

The company has a 50-day moving average of $1.33 and a 200-day moving average of $1.54. The company has a market cap of $12.37 million, a PE ratio of -1.81 and a beta of -0.27.

Barnwell Industries Company Profile

Barnwell Industries, Inc acquires, develops, produces, and sells oil and natural gas in Canada. The company operates through three segments: Oil and Natural Gas, Land Investment, and Contract Drilling. It also acquires and develops crude oil and natural gas assets in the province of Alberta, as well as invests in land interests in Hawaii.