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A statement released earlier today by Cowen about Tesco (NASDAQ:TESO) bumps down the target price to $6.00

Just yesterday Tesco (NASDAQ:TESO) traded -3.66% lower at $4.70. The company’s 50-day moving average is $5.01 and its 200-day moving average is $5.06. The last stock close price is down -9.02% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. 89,636 shares of the stock were exchanged, down from an average trading volume of 647,957

Cowen bumped down the target of Tesco (NASDAQ:TESO) to $6.00 reporting a possible upside of 0.28%.

See Chart Below

Tesco (NASDAQ:TESO)

Tesco has a 52 week low of $3.70 and a 52 week high of $9.65 The company’s market cap is currently $0.

General Information About Tesco (NASDAQ:TESO)

Tesco Corporation is a provider of technology-based solutions for drilling, servicing and completion of wells for the upstream energy industry. The Company's operations consist of top drives and automated pipe handling equipment sales and rentals; aftermarket sales and services, and tubular services, including related products and accessories sales. Its segments include Products, Tubular Services, Research and Engineering, and Corporate and Other. The Products segment includes top drives and automated pipe handling equipment sales, rentals and aftermarket sales and services. The Tubular Services segment includes onshore and offshore tubular services and sales of related products and accessories. The Research and Engineering segment includes internal research, engineering, and development activities related to its products and tubular services. The Corporate and Other segment includes executive management and various global support and compliance functions.

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