NV5 Global (NASDAQ:NVEE) Stock Crosses Below 200 Day Moving Average – Should You Sell?

NV5 Global, Inc. (NASDAQ:NVEE) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-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.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NVEE. Robert W. Baird dropped their target price on shares of NV5 Global from $26.00 to $25.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. StockNews.com raised shares of NV5 Global from a “hold” rating to a “buy” rating in a research report on Thursday.

NV5 Global Trading Down 0.1 %

The company has a 50 day moving average of $21.93 and a 200 day moving average of $22.96. The firm has a market cap of $1.22 billion, a P/E ratio of 33.46, a PEG ratio of 3.21 and a beta of 1.19. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.05 and a current ratio of 2.05.

Insider Buying and Selling

In related news, VP Richard Tong sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $20.08, for a total value of $401,600.00. Following the transaction, the vice president now directly owns 45,584 shares of the company’s stock, valued at approximately $915,326.72. This trade represents a 30.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 12.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On NV5 Global

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System grew its position in shares of NV5 Global by 3.2% in the second 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 during the last quarter. Bank of New York Mellon Corp increased its position in NV5 Global by 5.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 106,128 shares of the business services provider’s stock worth $9,867,000 after buying an additional 5,105 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of NV5 Global by 26.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,698 shares of the business services provider’s stock worth $344,000 after buying an additional 780 shares during the last quarter. Innealta Capital LLC bought a new stake in shares of NV5 Global in the second quarter valued at approximately $44,000. Finally, Azzad Asset Management Inc. ADV increased 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 acquiring an additional 217 shares during the period. Institutional investors and hedge funds 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.