StockNews.com assumed coverage on shares of Flotek Industries (NYSE:FTK – Get Rating) in a research report released on Thursday. The firm issued a sell rating on the oil and gas company’s stock.
Flotek Industries Stock Up 0.7 %
FTK opened at $0.96 on Thursday. The stock’s fifty day moving average is $1.17 and its two-hundred day moving average is $1.14. Flotek Industries has a 52 week low of $0.83 and a 52 week high of $1.64. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.48 and a current ratio of 0.62.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the company. Sfmg LLC boosted its position in Flotek Industries by 52.2% during the 4th quarter. Sfmg LLC now owns 35,000 shares of the oil and gas company’s stock valued at $39,000 after acquiring an additional 12,000 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in Flotek Industries during the 3rd quarter valued at $32,000. Jane Street Group LLC bought a new stake in Flotek Industries during the 3rd quarter valued at $31,000. Virtu Financial LLC bought a new stake in Flotek Industries during the 3rd quarter valued at $32,000. Finally, Tiedemann Advisors LLC boosted its position in Flotek Industries by 6.7% during the 3rd quarter. Tiedemann Advisors LLC now owns 160,000 shares of the oil and gas company’s stock valued at $160,000 after acquiring an additional 10,000 shares in the last quarter. 25.42% of the stock is currently owned by hedge funds and other institutional investors.
About Flotek Industries
Flotek Industries, Inc is a technology-driven, specialty chemistry and data company that serves customers across industrial, commercial and consumer markets. It operates through the following segments: Chemistry Technologies and Data Analytics. The Chemistry Technologies segment develops, manufactures, packages, distributes delivers, and markets sanitizers and disinfectants for commercial, governmental and personal consumer use and also includes specialty chemistries and logistics which enable customers to improve efficiencies in the drilling and completion of well.
- Get a free copy of the StockNews.com research report on Flotek Industries (FTK)
- MarketBeat Week in Review – 3/13 – 3/17
- This Small Tech With Big Growth Prospects Is Nearing A Buy Point
- Don’t Chase FedEx Higher, Wait For The Pullback
- 3 Stocks For A Defensive Tech Portfolio
- Milk the Dividends on These 3 Cash Cows
Receive News & Ratings for Flotek Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flotek Industries and related companies with MarketBeat.com's FREE daily email newsletter.