Civeo (NYSE:CVEO) Stock Price Crosses Above 50-Day Moving Average – Time to Sell?

Shares of Civeo Co. (NYSE:CVEO) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $23.14 and traded as high as $23.80. Civeo shares last traded at $23.61, with a volume of 731,515 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Civeo from a “strong-buy” rating to a “buy” rating in a report on Sunday, December 29th.

Civeo Trading Up 2.3 %

The stock has a 50 day moving average of $23.14 and a 200-day moving average of $25.51. The company has a market capitalization of $325.07 million, a P/E ratio of 16.86 and a beta of 2.00. The company has a current ratio of 1.36, a quick ratio of 1.28 and a debt-to-equity ratio of 0.18.

Civeo Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.24%. Civeo’s payout ratio is currently 71.43%.

Institutional Trading of Civeo

Institutional investors and hedge funds have recently modified their holdings of the company. Ritholtz Wealth Management purchased a new stake in Civeo in the 3rd quarter worth $298,000. Royce & Associates LP grew its position in shares of Civeo by 19.0% during the third quarter. Royce & Associates LP now owns 93,931 shares of the business services provider’s stock worth $2,574,000 after purchasing an additional 15,002 shares in the last quarter. Empowered Funds LLC raised its stake in Civeo by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 95,863 shares of the business services provider’s stock valued at $2,627,000 after purchasing an additional 4,824 shares during the period. FMR LLC lifted its holdings in Civeo by 3.4% in the 3rd quarter. FMR LLC now owns 1,524,352 shares of the business services provider’s stock worth $41,767,000 after purchasing an additional 50,400 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in Civeo in the 3rd quarter worth approximately $68,000. 81.44% of the stock is currently owned by institutional investors.

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.