ProFrac Holding Corp. (NASDAQ:PFHC – Get Free Report) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $8.47 and last traded at $8.49, with a volume of 1018705 shares changing hands. The stock had previously closed at $8.45.
ProFrac Stock Performance
The company has a current ratio of 1.63, a quick ratio of 1.20 and a debt-to-equity ratio of 2.35. The company’s fifty day moving average price is $8.27 and its 200-day moving average price is $8.37.
Hedge Funds Weigh In On ProFrac
Several hedge funds have recently modified their holdings of the stock. New York State Common Retirement Fund increased its holdings in ProFrac by 9.9% in the 1st quarter. New York State Common Retirement Fund now owns 44,033 shares of the company’s stock worth $558,000 after buying an additional 3,977 shares during the period. Barclays PLC increased its holdings in ProFrac by 84.4% in the 1st quarter. Barclays PLC now owns 12,129 shares of the company’s stock worth $154,000 after buying an additional 5,553 shares during the period. Alliancebernstein L.P. acquired a new position in ProFrac in the 4th quarter worth approximately $325,000. Metropolitan Life Insurance Co NY increased its holdings in ProFrac by 54.7% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 1,505 shares of the company’s stock worth $38,000 after buying an additional 532 shares during the period. Finally, MetLife Investment Management LLC increased its holdings in ProFrac by 48.6% in the 4th quarter. MetLife Investment Management LLC now owns 12,747 shares of the company’s stock worth $321,000 after buying an additional 4,167 shares during the period. Institutional investors and hedge funds own 20.68% of the company’s stock.
ProFrac Company Profile
ProFrac Holding Corp., a vertically integrated and energy services company, provides hydraulic fracturing, completion, and other products and services to upstream oil and gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources. It operates through three segments: Stimulation Services, Manufacturing, and Proppant Production.
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