CES Energy Solutions (OTCMKTS:CESDF) Stock Price Passes Above 50-Day Moving Average – Time to Sell?

CES Energy Solutions Corp. (OTCMKTS:CESDF) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $11.44 and traded as high as $13.4360. CES Energy Solutions shares last traded at $13.2250, with a volume of 10,430 shares changing hands.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CESDF. Scotiabank restated an “outperform” rating on shares of CES Energy Solutions in a report on Thursday, January 29th. National Bank Financial reissued an “outperform” rating on shares of CES Energy Solutions in a research note on Thursday, November 20th. Finally, TD Securities cut CES Energy Solutions from a “buy” rating to a “hold” rating in a report on Monday, January 26th. 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Buy”.

CES Energy Solutions Trading Down 1.1%

The company’s 50-day simple moving average is $11.44 and its two-hundred day simple moving average is $8.85.

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.