Flotek Industries, Inc. (NYSE:FTK - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.50 and traded as high as $9.24. Flotek Industries shares last traded at $9.14, with a volume of 190,426 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Roth Mkm raised their target price on shares of 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 Research Report on Flotek Industries
Flotek Industries Stock Down 1.3 %
The business has a fifty day moving average of $8.70 and a 200 day moving average of $6.58. The firm has a market cap of $269.24 million, a P/E ratio of 34.75 and a beta of 1.18.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC acquired a new position in shares of Flotek Industries in the fourth quarter valued at $42,000. Geode Capital Management LLC boosted its holdings in shares of Flotek Industries by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 302,539 shares of the oil and gas company's stock worth $2,885,000 after buying an additional 5,056 shares during the period. Truist Financial Corp grew its stake in Flotek Industries by 3.6% in the 4th quarter. Truist Financial Corp now owns 244,209 shares of the oil and gas company's stock valued at $2,327,000 after buying an additional 8,500 shares during the last quarter. XTX Topco Ltd bought a new position in Flotek Industries in the 3rd quarter valued at about $53,000. Finally, Wilmington Savings Fund Society FSB bought a new position in Flotek Industries in the 3rd quarter valued at about $60,000. 10.90% of the stock is owned by institutional investors and hedge funds.
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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