Flotek Industries, Inc. (NYSE:FTK - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.32 and traded as high as $9.10. Flotek Industries shares last traded at $8.62, with a volume of 276,005 shares traded.
Analyst Upgrades and Downgrades
Separately, Roth Mkm raised their price target on Flotek Industries from $6.50 to $8.00 and gave the company a "buy" rating in a report on Thursday, November 7th.
View Our Latest Research Report on Flotek Industries
Flotek Industries Price Performance
The stock has a market cap of $259.56 million, a P/E ratio of 33.50 and a beta of 1.18. The company has a fifty day moving average of $8.65 and a 200 day moving average of $6.38.
Flotek Industries (NYSE:FTK - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The oil and gas company reported $0.08 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.01. Flotek Industries had a return on equity of 7.76% and a net margin of 4.58%. The company had revenue of $49.74 million for the quarter, compared to the consensus estimate of $50.40 million. During the same quarter in the previous year, the business earned $0.04 EPS. As a group, analysts anticipate that Flotek Industries, Inc. will post 0.29 EPS for the current year.
Institutional Trading of Flotek Industries
A number of hedge funds and other institutional investors have recently made changes to their positions in FTK. XTX Topco Ltd acquired a new stake in Flotek Industries during the 3rd quarter worth about $53,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Flotek Industries in the third quarter worth approximately $60,000. Barclays PLC acquired a new stake in shares of Flotek Industries during the third quarter valued at approximately $66,000. PDT Partners LLC purchased a new stake in shares of Flotek Industries in the 3rd quarter valued at approximately $86,000. Finally, Sanders Morris Harris LLC acquired a new position in Flotek Industries in the 3rd quarter worth approximately $137,000. 10.90% of the stock is currently owned by institutional investors.
Flotek Industries Company Profile
(
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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