NV5 Global (NASDAQ:NVEE) Share Price Passes Below 200 Day Moving Average – Should You Sell?

NV5 Global, Inc. (NASDAQ:NVEE)’s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $22.96 and traded as low as $18.66. NV5 Global shares last traded at $18.82, with a volume of 128,760 shares trading hands.

Analyst Ratings Changes

NVEE has been the topic of a number of research analyst reports. StockNews.com upgraded NV5 Global from a “hold” rating to a “buy” rating in a research note on Thursday. Robert W. Baird cut their price objective on NV5 Global from $26.00 to $25.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th.

NV5 Global Stock Up 0.7 %

The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.30. The stock’s 50-day moving average price is $21.74 and its two-hundred day moving average price is $22.90. The stock has a market capitalization of $1.23 billion, a P/E ratio of 33.71, a P/E/G ratio of 3.21 and a beta of 1.19.

Insider Transactions at NV5 Global

In related news, VP Richard Tong sold 20,000 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $20.08, for a total transaction of $401,600.00. Following the sale, the vice president now directly owns 45,584 shares in the company, valued at approximately $915,326.72. The trade was a 30.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 12.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in NVEE. Inspire Investing LLC lifted its holdings in shares of NV5 Global by 3.2% in the second quarter. Inspire Investing LLC now owns 3,756 shares of the business services provider’s stock worth $349,000 after buying an additional 115 shares in the last quarter. Texas Permanent School Fund Corp lifted its stake in NV5 Global by 1.5% in the 2nd quarter. Texas Permanent School Fund Corp now owns 11,296 shares of the business services provider’s stock worth $1,050,000 after purchasing an additional 166 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in NV5 Global by 5.1% in the 2nd quarter. Commonwealth Equity Services LLC now owns 3,459 shares of the business services provider’s stock valued at $322,000 after purchasing an additional 167 shares during the period. Louisiana State Employees Retirement System grew its position in shares of NV5 Global by 3.2% during the 2nd quarter. Louisiana State Employees Retirement System now owns 6,500 shares of the business services provider’s stock valued at $604,000 after purchasing an additional 200 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV grew its position in NV5 Global by 3.0% during the second quarter. Azzad Asset Management Inc. ADV now owns 7,501 shares of the business services provider’s stock worth $697,000 after buying an additional 217 shares in the last quarter. Hedge funds and other institutional investors own 75.54% of the company’s stock.

About NV5 Global

NV5 Global, Inc provides technology, conformity assessment, consulting solutions, and software applications to public and private sector clients in the infrastructure, utility services, construction, real estate, environmental, and geospatial markets in the United States and internationally. It operates through three segments: Infrastructure; Building, Technology & Sciences; and Geospatial Solutions.