Stock News Buzz: NV5 Global (NASDAQ:NVEE)

NV5 Global (NASDAQ:NVEE) changed 1.92% to recent value of $65.35. The stock transacted 101127 shares during most recent day however it has an average volume of 203.61K shares. It spotted trading -23.66% off 52-week high price. On the other end, the stock has been noted 46.59% away from the low price over the last 52-weeks.

On Feb.10, 2020, NV5 Global (NASDAQ:NVEE) a provider of professional and technical engineering and consulting solutions, declared that it has been awarded a $34 million engineering, procurement, and construction (EPC) contract by a prominent Eastern US natural gas company for a liquefied natural gas (LNG) facility liquefaction system upgrade.  Design has begun on the new facility, and the project is expected to be completed in approximately 18 months.

Liquefaction systems are used in the natural gas industry to convert natural gas from a vapor phase to a liquid phase, allowing for more efficient storage and transportation. The new liquefier will replace an older system to increase capacity and improve reliability, safety, and ease of operation.

The demand for new LNG facilities and upgrades to existing systems continues to grow.   NV5 is well positioned in this regard as demonstrated by high organic growth in the LNG sector, said Dickerson Wright, PE, Chairman and CEO of NV5.

This project is win-win for both NV5 and our client and leverages both our experience on a similar past project and a healthy, collaborative relationship, said Peter Dirksen, President of NV5’s LNG Group.  This project award strengthens our client relationship and builds upon our 40-year history in the LNG industry.

NVEE has a gross margin of 47.70% and an operating margin of 7.10% while its profit margin remained 5.70% for the last 12 months. Its earnings per share (EPS) expected to touch remained 39.60% for this year while earning per share for the next 5-years is expected to reach at 20.00%.

The company has 12.58M of outstanding shares and 9.76M shares were floated in the market. According to the most recent quarter its current ratio was 2.5 that represents company’s ability to meet its current financial obligations. The price moved ahead of 6.50% from the mean of 20 days, 20.53% from mean of 50 days SMA and performed -2.14% from mean of 200 days price. Company’s performance for the week was 4.54%, 23.79% for month and YTD performance remained 29.53%.

John Gonzalez covers business and finance news. He is the only person we trust to provide breaking news in the finance category. Having already completed an Associates Degree in Psychology, John Gonzalez is now finishing his Bachelor’s degree in Communications. In preparation for working in the advertisement sector, John is writing financial content and analysis. On a daily basis, he works on articles regarding the following topics: business, top trends, technology, and politics.

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