OMS Energy Technologies (NASDAQ:OMSE) Trading Up 2% – Still a Buy?

OMS Energy Technologies Inc. (NASDAQ:OMSE)’s share price rose 2% during trading on Thursday . The company traded as high as $4.70 and last traded at $4.57. Approximately 140,502 shares traded hands during mid-day trading, an increase of 558% from the average session volume of 21,347 shares. The stock had previously closed at $4.48.

Analyst Ratings Changes

OMSE has been the subject of several research reports. Weiss Ratings raised shares of OMS Energy Technologies from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, June 1st. Zacks Research upgraded shares of OMS Energy Technologies to a “hold” rating in a report on Tuesday, August 4th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce”.

OMS Energy Technologies Stock Up 2.0%

The company has a fifty day moving average of $4.26 and a 200 day moving average of $4.45.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Millennium Management LLC bought a new stake in shares of OMS Energy Technologies during the 3rd quarter valued at about $474,000. Two Sigma Investments LP purchased a new stake in shares of OMS Energy Technologies during the 3rd quarter valued at about $310,000. Ramsey Quantitative Systems bought a new position in shares of OMS Energy Technologies in the 2nd quarter worth approximately $143,000. Marex Group plc bought a new position in shares of OMS Energy Technologies in the 4th quarter worth approximately $127,000. Finally, Susquehanna International Group LLP purchased a new position in shares of OMS Energy Technologies in the third quarter worth approximately $97,000.

About OMS Energy Technologies

We are a growth-oriented manufacturer of surface wellhead systems, or SWS, and oil country tubular goods, or OCTG products used in the oil and gas industry. These products are primarily used for both onshore and offshore oil exploration and production, or E&P activities in the Asia Pacific and the Middle Eastern and North Africa (MENA) Regions. Our customers often operate in geographic locations where the operating environment requires wellheads, casing and tubing materials capable of meeting exact standards for temperature, pressure, corrosion, torque resistance and abrasion.