Houston American Energy (NYSEAMERICAN:HUSA) Shares Down 4.3% - What's Next?
Houston American Energy Corporation (NYSEAMERICAN:HUSA) saw its stock price decline by 4.3% to $5.36 during trading, with a significant drop in trading volume. The company has a market capitalization of $184.71 million and a debt-to-equity ratio of 0.01. Institutional investors, including Jane Street Group LLC, have increased their stake in the company. Currently, 12.18% of the stock is held by institutional investors. Analysts maintain a Hold rating on the stock, suggesting that there are better investment options available.
Houston American Energy Corporation (NYSEAMERICAN:HUSA - Get Free Report)'s stock price fell 4.3% during trading on Thursday . The company traded as low as $5.31 and last traded at $5.36. 88,542 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 192,670 shares. The stock had previously closed at $5.60.
Houston American Energy Price Performance
The company has a debt-to-equity ratio of 0.01, a current ratio of 30.86 and a quick ratio of 30.86. The firm has a market capitalization of $184.71 million, a price-to-earnings ratio of -0.59 and a beta of 1.01. The business's fifty day simple moving average is $7.49 and its 200 day simple moving average is $8.06.
Institutional Investors Weigh In On Houston American Energy
An institutional investor recently raised its position in Houston American Energy stock. Jane Street Group LLC boosted its stake in Houston American Energy Corporation (NYSEAMERICAN:HUSA - Free Report) by 77.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 48,325 shares of the company's stock after purchasing an additional 21,167 shares during the quarter. Jane Street Group LLC owned about 0.31% of Houston American Energy worth $37,000 as of its most recent SEC filing. 12.18% of the stock is owned by institutional investors and hedge funds.
About Houston American Energy
(Get Free Report)Houston American Energy Corp., an independent oil and gas company, engages in the acquisition, exploration, exploitation, development, and production of natural gas, crude oil, and condensate. Its principal properties are located primarily in the Texas Permian Basin, the South American country of Colombia, and the onshore Louisiana Gulf Coast region.
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