Houston American Energy (NYSEAMERICAN:HUSA) Stock Price Down 4.5% – Time to Sell?

Houston American Energy Corporation (NYSEAMERICAN:HUSA) shares traded down 4.5% on Tuesday . The company traded as low as $1.96 and last traded at $2.12. 619,905 shares traded hands during mid-day trading, an increase of 23% from the average session volume of 504,920 shares. The stock had previously closed at $2.22.

Houston American Energy Stock Down 4.5%

The company has a debt-to-equity ratio of 0.01, a quick ratio of 30.86 and a current ratio of 30.86. The stock’s 50 day moving average price is $5.12 and its 200-day moving average price is $7.76. The company has a market cap of $73.10 million, a PE ratio of -0.24 and a beta of 1.01.

Houston American Energy (NYSEAMERICAN:HUSA) last posted its quarterly earnings results on Wednesday, November 19th. The company reported ($0.21) earnings per share for the quarter. Houston American Energy had a negative return on equity of 57.99% and a negative net margin of 2,145.10%.The business had revenue of $0.23 million during the quarter.

Institutional Trading of Houston American Energy

Several hedge funds and other institutional investors have recently bought and sold shares of HUSA. Jane Street Group LLC boosted its stake in shares of Houston American Energy by 77.9% during the first quarter. Jane Street Group LLC now owns 48,325 shares of the company’s stock valued at $37,000 after purchasing an additional 21,167 shares during the period. Raymond James Financial Inc. raised its stake in shares of Houston American Energy by 1,287,400.0% during the third quarter. Raymond James Financial Inc. now owns 25,750 shares of the company’s stock valued at $160,000 after acquiring an additional 25,748 shares during the last quarter. Finally, Millennium Management LLC purchased a new stake in shares of Houston American Energy during the third quarter worth about $790,000. Institutional investors own 12.18% of the company’s stock.

Houston American Energy Company Profile

Houston American Energy Corp., an independent oil and gas company, engages in the acquisition, exploration, exploitation, development, and production of natural gas, crude oil, and condensate. Its principal properties are located primarily in the Texas Permian Basin, the South American country of Colombia, and the onshore Louisiana Gulf Coast region.