Civeo (NYSE:CVEO) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Civeo Co. (NYSE:CVEO) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $25.24 and traded as low as $20.93. Civeo shares last traded at $21.67, with a volume of 93,179 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Civeo from a “strong-buy” rating to a “buy” rating in a research note on Sunday, December 29th.

Civeo Price Performance

The company has a debt-to-equity ratio of 0.18, a current ratio of 1.36 and a quick ratio of 1.28. The stock has a market cap of $302.71 million, a P/E ratio of 15.84 and a beta of 2.03. The company’s 50 day simple moving average is $23.86 and its 200 day simple moving average is $25.19.

Civeo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.51%. The ex-dividend date is Monday, February 24th. Civeo’s payout ratio is presently -80.00%.

Institutional Investors Weigh In On Civeo

Large investors have recently bought and sold shares of the company. Royce & Associates LP boosted its holdings in shares of Civeo by 19.0% in the third quarter. Royce & Associates LP now owns 93,931 shares of the business services provider’s stock valued at $2,574,000 after buying an additional 15,002 shares during the period. Empowered Funds LLC boosted its holdings in shares of Civeo by 5.3% in the third quarter. Empowered Funds LLC now owns 95,863 shares of the business services provider’s stock valued at $2,627,000 after buying an additional 4,824 shares during the period. FMR LLC boosted its holdings in shares of Civeo by 3.4% in the third quarter. FMR LLC now owns 1,524,352 shares of the business services provider’s stock valued at $41,767,000 after buying an additional 50,400 shares during the period. Quantbot Technologies LP acquired a new position in shares of Civeo in the third quarter valued at approximately $68,000. Finally, State Street Corp acquired a new position in shares of Civeo in the third quarter valued at approximately $222,000. Institutional investors own 81.44% of the company’s stock.

About Civeo

Civeo Corporation provides hospitality services to the natural resource industry in Canada, Australia, and the United States. The company develops lodges and villages; and mobile assets, including modular, skid-mounted accommodation, and central facilities that provide short to medium-term accommodation needs.