Tellurian (NYSEAMERICAN:TELL) Shares Cross Above 200 Day Moving Average – Should You Sell?

Tellurian Inc. (NYSEAMERICAN:TELL) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $1.00. Tellurian shares last traded at $1.00, with a volume of 72,335,900 shares trading hands.

Tellurian Trading Up 0.2%

The firm has a 50-day moving average price of $1.00. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.27 and a quick ratio of 0.27. The firm has a market cap of $892.85 million, a P/E ratio of -3.33 and a beta of 2.56.

Institutional Trading of Tellurian

An institutional investor recently raised its position in Tellurian stock. JPMorgan Chase & Co. raised its stake in shares of Tellurian Inc. (NYSEAMERICAN:TELL) by 540.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,133,012 shares of the oil and gas producer’s stock after buying an additional 3,487,583 shares during the period. JPMorgan Chase & Co. owned approximately 0.46% of Tellurian worth $4,001,000 as of its most recent SEC filing. 48.87% of the stock is currently owned by institutional investors and hedge funds.

About Tellurian

Tellurian Inc engages in the natural gas business worldwide. It operates through three segments: The Upstream, The Midstream, and The Marketing & Trading. The company produces, gathers, purchases, sells, and delivers natural gas; acquires and develops natural gas assets; and develops, constructs, and operates liquefied natural gas terminals and pipelines.