CES Energy Solutions (OTCMKTS:CESDF) Share Price Passes Above 50 Day Moving Average – Should You Sell?

CES Energy Solutions Corp. (OTCMKTS:CESDF)’s share price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $9.23 and traded as high as $10.93. CES Energy Solutions shares last traded at $10.47, with a volume of 1,817 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Scotiabank reissued an “outperform” rating on shares of CES Energy Solutions in a research report on Thursday. National Bankshares reissued an “outperform” rating on shares of CES Energy Solutions in a report on Thursday, November 20th. TD Securities lowered shares of CES Energy Solutions from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of CES Energy Solutions in a report on Monday, November 17th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, CES Energy Solutions presently has a consensus rating of “Buy”.

CES Energy Solutions Trading Down 0.8%

The business has a fifty day simple moving average of $9.23 and a 200 day simple moving average of $7.29.

About CES Energy Solutions

CES Energy Solutions Corp. is a North American provider of specialty chemical solutions and services to the oil and gas industry. The company develops, manufactures and markets a comprehensive range of products used in drilling, completion, production and environmental applications. These offerings include drilling and completion fluids, production chemicals, proppants and solids control equipment, all designed to optimize well performance and minimize environmental impact.

Headquartered in Calgary, Alberta, CES Energy Solutions operates a network of manufacturing, blending and distribution facilities across Canada and the United States.