Flotek Industries (NYSE:FTK) Stock Price Crosses Above Two Hundred Day Moving Average of $3.64

Posted by MarketBeat News on Mar 29th, 2024

Flotek Industries, Inc. (NYSE:FTK – Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.64 and traded as high as $3.80. Flotek Industries shares last traded at $3.75, with a volume of 38,868 shares trading hands.

Analysts Set New Price Targets

Separately, TheStreet raised shares of Flotek Industries from a “d” rating to a “c-” rating in a research note on Wednesday, March 13th.

View Our Latest Report on FTK

Flotek Industries Stock Performance

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The company has a market cap of $111.23 million, a price-to-earnings ratio of -28.85 and a beta of 1.04. The stock’s fifty day moving average is $3.15 and its two-hundred day moving average is $3.64.

Institutional Trading of Flotek Industries

Several institutional investors and hedge funds have recently bought and sold shares of the company. Jane Street Group LLC purchased a new stake in shares of Flotek Industries during the 3rd quarter valued at $31,000. B. Riley Wealth Advisors Inc. purchased a new position in Flotek Industries in the 3rd quarter worth $32,000. Charles Schwab Investment Management Inc. purchased a new position in Flotek Industries in the 1st quarter worth $43,000. Pingora Partners LLC purchased a new position in Flotek Industries in the 4th quarter worth $46,000. Finally, Bank of America Corp DE raised its position in Flotek Industries by 11,418.7% in the 1st quarter. Bank of America Corp DE now owns 76,369 shares of the oil and gas company’s stock worth $53,000 after purchasing an additional 75,706 shares during the period. 10.90% of the stock is currently owned by hedge funds and other institutional investors.

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).