Cypress Energy Partners (NYSE:CELP) Share Price Crosses Below 50-Day Moving Average of $7.35

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Cypress Energy Partners LP (NYSE:CELP)’s stock price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $7.35 and traded as low as $7.17. Cypress Energy Partners shares last traded at $7.17, with a volume of 4,050 shares trading hands.

The stock has a market cap of $88.04 million, a PE ratio of 9.93 and a beta of 1.50. The company has a debt-to-equity ratio of 8.64, a current ratio of 2.82 and a quick ratio of 2.82. The business has a 50 day moving average price of $7.34 and a two-hundred day moving average price of $7.31.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Wednesday, August 7th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 11.51%. The ex-dividend date of this dividend was Tuesday, August 6th.

In related news, Director John T. Mcnabb II acquired 5,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was purchased at an average price of $7.25 per share, with a total value of $36,250.00. Following the completion of the purchase, the director now owns 70,262 shares in the company, valued at approximately $509,399.50. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

A hedge fund recently raised its stake in Cypress Energy Partners stock. Morgan Stanley increased its holdings in Cypress Energy Partners LP (NYSE:CELP) by 242.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,884 shares of the oil and gas company’s stock after acquiring an additional 15,500 shares during the quarter. Morgan Stanley owned about 0.18% of Cypress Energy Partners worth $160,000 as of its most recent filing with the Securities & Exchange Commission. 1.33% of the stock is currently owned by hedge funds and other institutional investors.

About Cypress Energy Partners (NYSE:CELP)

Cypress Energy Partners, L.P. provides pipeline inspection and integrity, and water and environmental services in North America. The company operates in three segments: Pipeline Inspection Services, Pipeline & Process Services, and Water and Environmental Services. The Pipeline Inspection Services segment offers independent inspection services for various facilities and equipment, such as transmission pipelines; oil and natural gas gathering systems; pump, compressor, measurement, and regulation stations; storage facilities and terminals; and gas distribution systems.

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