Koil Energy Solutions (OTCMKTS:DPDW) Stock Crosses Below 50 Day Moving Average – Here’s What Happened

Shares of Koil Energy Solutions, Inc. (OTCMKTS:DPDW) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $2.46 and traded as low as $2.26. Koil Energy Solutions shares last traded at $2.28, with a volume of 20,616 shares traded.

Koil Energy Solutions Price Performance

The stock’s 50-day moving average price is $2.46 and its 200-day moving average price is $2.04. The company has a market cap of $29.88 million, a P/E ratio of -45.60 and a beta of 0.90.

About Koil Energy Solutions

Koil Energy Solutions, Inc, an energy services company, provides equipment and support services to the energy and offshore industries. It offers engineering and project management services, including the design, installation, and retrieval of subsea equipment and systems; connection and termination operations services; well-commissioning services; and construction support services. The company also provides project management and engineering; spooling; testing and commissioning; storage management; and refurbishment and repurposing of recovered subsea equipment, as well as support services for offshore interventions.