NOW Inc (NYSE:DNOW)’s stock price traded down 5.6% during trading on Friday . The company traded as low as $7.83 and last traded at $7.88, 1,035,643 shares traded hands during trading. A decline of 24% from the average session volume of 1,363,429 shares. The stock had previously closed at $8.35.
A number of research analysts have commented on the company. Cowen raised NOW from a “market perform” rating to an “outperform” rating and set a $8.00 target price on the stock in a report on Tuesday, April 14th. Northland Securities assumed coverage on NOW in a report on Friday, July 10th. They set a “buy” rating and a $9.50 target price on the stock. Finally, ValuEngine upgraded NOW from a “hold” rating to a “buy” rating in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. NOW presently has a consensus rating of “Buy” and an average target price of $11.30.
The company has a current ratio of 2.65, a quick ratio of 1.52 and a debt-to-equity ratio of 0.04. The business has a 50-day moving average price of $8.51 and a two-hundred day moving average price of $7.91. The firm has a market capitalization of $861.36 million, a price-to-earnings ratio of -1.93 and a beta of 1.89.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Arden Trust Co increased its position in NOW by 9.0% in the 2nd quarter. Arden Trust Co now owns 25,054 shares of the oil and gas company’s stock valued at $216,000 after acquiring an additional 2,078 shares during the period. UBS Asset Management Americas Inc. increased its position in NOW by 2.0% in the 4th quarter. UBS Asset Management Americas Inc. now owns 115,218 shares of the oil and gas company’s stock valued at $1,295,000 after acquiring an additional 2,278 shares during the period. PFS Investments Inc. increased its position in NOW by 16.5% in the 1st quarter. PFS Investments Inc. now owns 17,438 shares of the oil and gas company’s stock valued at $90,000 after acquiring an additional 2,473 shares during the period. Swiss National Bank increased its position in NOW by 1.3% in the 1st quarter. Swiss National Bank now owns 211,000 shares of the oil and gas company’s stock valued at $1,089,000 after acquiring an additional 2,700 shares during the period. Finally, Louisiana State Employees Retirement System increased its position in NOW by 12.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 29,700 shares of the oil and gas company’s stock valued at $256,000 after acquiring an additional 3,400 shares during the period. Hedge funds and other institutional investors own 99.40% of the company’s stock.
NOW Company Profile (NYSE:DNOW)
NOW Inc distributes energy and industrial products in the United States, Canada, and internationally. It offers consumable maintenance, repair, and operating supplies; and pipes, valves, fittings, flanges, gaskets, fasteners, electrical products, instrumentations, artificial lift, pumping solutions, valve actuation and modular process, and measurement and control equipment; and mill supplies, tools, safety supplies, and personal protective equipment, as well as applied products and applications, such as artificial lift systems, coatings, and other expendable items.
See Also: Range Trading
Receive News & Ratings for NOW Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NOW and related companies with MarketBeat.com's FREE daily email newsletter.