Forum Energy Technologies, Inc. (NYSE:FET - Get Free Report)'s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $16.12 and traded as high as $17.65. Forum Energy Technologies shares last traded at $17.60, with a volume of 73,474 shares trading hands.
Forum Energy Technologies Price Performance
The company has a market capitalization of $237.69 million, a PE ratio of -4.58 and a beta of 2.38. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.93 and a quick ratio of 0.87. The company's 50 day simple moving average is $16.86 and its 200 day simple moving average is $16.15.
Insider Buying and Selling at Forum Energy Technologies
In other news, Director Louis Raspino sold 4,950 shares of the firm's stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $15.41, for a total transaction of $76,279.50. Following the transaction, the director now directly owns 16,121 shares in the company, valued at approximately $248,424.61. This trade represents a 23.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 6.20% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Forum Energy Technologies
A number of hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. grew its position in shares of Forum Energy Technologies by 63.7% during the fourth quarter. Russell Investments Group Ltd. now owns 2,208 shares of the oil and gas company's stock worth $34,000 after acquiring an additional 859 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Forum Energy Technologies by 126.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,360 shares of the oil and gas company's stock worth $37,000 after purchasing an additional 1,319 shares during the period. Hsbc Holdings PLC lifted its holdings in shares of Forum Energy Technologies by 7.5% during the fourth quarter. Hsbc Holdings PLC now owns 26,722 shares of the oil and gas company's stock worth $408,000 after purchasing an additional 1,862 shares during the period. Barclays PLC lifted its holdings in shares of Forum Energy Technologies by 7.7% during the fourth quarter. Barclays PLC now owns 29,851 shares of the oil and gas company's stock worth $462,000 after purchasing an additional 2,137 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in shares of Forum Energy Technologies by 41.7% during the fourth quarter. Wells Fargo & Company MN now owns 8,423 shares of the oil and gas company's stock worth $130,000 after purchasing an additional 2,479 shares during the period. 65.60% of the stock is currently owned by hedge funds and other institutional investors.
About Forum Energy Technologies
(
Get Free Report)
Forum Energy Technologies, Inc designs, manufactures, and distributes products serving the oil, natural gas, industrial, and renewable energy industries in the United States and internationally. It operates through three segments: Drilling & Downhole, Completions, and Production. The Drilling & Downhole segment designs, manufactures, and supplies products, and provides related services to the drilling, well construction, artificial lift, and subsea energy construction and services markets, including applications in oil and natural gas, renewable energy, defense, and communications.
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