Oil States International Inc. (OIS) Moves Lower on Volume Spike for September 17

Equities Staff  |

Oil States International Inc. (OIS) traded on unusually high volume on Sep. 17, as the stock lost 10.58% to close at $14.79. On the day, Oil States International Inc. saw 941,063 shares trade hands on 8,326 trades. Considering that the stock averages only a daily volume of 514,923 shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $34.66 and $11.73 over the last 52-weeks, its 50-day SMA is now $14.32, and its 200-day SMA $16.73. Oil States International Inc. has a P/B ratio of 0.63.

Oil States International Inc is a global provider of specialty products and services to oil and natural gas companies. The company operates through two main segments: Offshore Products and Well Site Services. Offshore products compose a majority of Oil States International's revenue. Under this segment, the company aims to design and manufacture low cost and technologically advanced products for offshore customers. Advanced technologies from the company include flex-element technology, advanced connector systems, high-pressure riser systems, compact valves, and other options catered to deepwater regions. In addition, the company caters largely to North American exploration and production firms through the completion and land drilling services it offers under its well site services arm.

Headquartered in Houston, TX, Oil States International Inc. has 3,926 employees and is currently under the leadership of CEO Cindy B. Taylor.

For a complete fundamental analysis analysis of Oil States International Inc., check out Equities.com’s Stock Valuation Analysis report for OIS.

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To get more information on Oil States International Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: OIS’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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