OMS Energy Technologies (NASDAQ:OMSE) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of OMS Energy Technologies (NASDAQ:OMSE) to a hold rating in a research report report published on Tuesday morning,Zacks.com reports.

Separately, Weiss Ratings upgraded OMS Energy Technologies from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, June 1st. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, OMS Energy Technologies has an average rating of “Reduce”.

OMS Energy Technologies Stock Up 0.6%

Shares of NASDAQ:OMSE opened at $4.31 on Tuesday. The company has a 50-day moving average price of $4.28 and a 200-day moving average price of $4.47. OMS Energy Technologies has a 12 month low of $3.27 and a 12 month high of $7.70.

Institutional Inflows and Outflows

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