Flotek Industries, Inc. (NYSE:FTK - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.78 and traded as high as $9.58. Flotek Industries shares last traded at $9.19, with a volume of 240,463 shares traded.
Wall Street Analyst Weigh In
Separately, Roth Mkm upped their price target on shares of Flotek Industries from $6.50 to $8.00 and gave the company a "buy" rating in a research report on Thursday, November 7th.
Read Our Latest Stock Report on FTK
Flotek Industries Price Performance
The stock has a market cap of $266.08 million, a PE ratio of 34.35 and a beta of 1.19. The business has a 50 day moving average price of $7.92 and a two-hundred day moving average price of $5.78.
Flotek Industries (NYSE:FTK - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.01. The firm had revenue of $49.74 million for the quarter, compared to analysts' expectations of $50.40 million. Flotek Industries had a net margin of 4.58% and a return on equity of 7.76%. During the same quarter in the previous year, the company earned $0.04 earnings per share. On average, sell-side analysts forecast that Flotek Industries, Inc. will post 0.29 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Flotek Industries
Several institutional investors and hedge funds have recently bought and sold shares of FTK. XTX Topco Ltd purchased a new stake in Flotek Industries in the third quarter worth $53,000. Wilmington Savings Fund Society FSB bought a new position in Flotek Industries in the 3rd quarter worth $60,000. Barclays PLC purchased a new stake in shares of Flotek Industries in the 3rd quarter worth about $66,000. PDT Partners LLC bought a new stake in shares of Flotek Industries during the 3rd quarter valued at about $86,000. Finally, Sanders Morris Harris LLC purchased a new position in shares of Flotek Industries during the third quarter valued at about $137,000. Hedge funds and other institutional investors own 10.90% of the company's stock.
About Flotek Industries
(
Get Free Report)
Flotek Industries, Inc operates as a technology-driven green chemistry and data company that serves customers across industrial and commercial markets in the United States, the United Arab Emirates, and internationally. It operates through two segments: Chemistry Technologies (CT) and Data Analytics (DA).
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