Flotek Industries, Inc. (NYSE:FTK - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $5.99 and traded as high as $8.95. Flotek Industries shares last traded at $8.80, with a volume of 149,754 shares traded.
Wall Street Analysts Forecast Growth
Separately, Roth Mkm boosted their price target on Flotek Industries from $6.50 to $8.00 and gave the company a "buy" rating in a research note on Thursday, November 7th.
Check Out Our Latest Stock Analysis on Flotek Industries
Flotek Industries Stock Performance
The firm's fifty day simple moving average is $8.40 and its 200 day simple moving average is $5.99. The stock has a market capitalization of $262.24 million, a P/E ratio of 33.85 and a beta of 1.19.
Flotek Industries (NYSE:FTK - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The oil and gas company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.07 by $0.01. The business had revenue of $49.74 million during the quarter, compared to the consensus estimate of $50.40 million. Flotek Industries had a net margin of 4.58% and a return on equity of 7.76%. During the same period in the previous year, the business earned $0.04 earnings per share. Analysts anticipate that Flotek Industries, Inc. will post 0.29 earnings per share for the current fiscal year.
Institutional Trading of Flotek Industries
Large investors have recently bought and sold shares of the business. XTX Topco Ltd bought a new stake in Flotek Industries during the 3rd quarter worth approximately $53,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Flotek Industries in the third quarter valued at about $60,000. Barclays PLC bought a new position in shares of Flotek Industries during the third quarter worth about $66,000. PDT Partners LLC acquired a new position in shares of Flotek Industries in the third quarter worth approximately $86,000. Finally, Sanders Morris Harris LLC acquired a new stake in Flotek Industries during the 3rd quarter valued at approximately $137,000. 10.90% of the stock is owned by institutional investors and hedge funds.
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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