SPX FLOW, Inc. (NYSE:FLOW):
SPX FLOW Reports Third Quarter 2017 Results.
The company is trading up by 1.35% percent from yesterday’s close.
SPX FLOW, Inc., launched on February 11, 2015, is a global supplier of engineered solutions. As of December 31, 2016, the Company had operations in over 30 countries and sales in over 150 countries around the world. The Company operates in three business segments: Food and Beverage, Power and Energy, and Industrial. The Business’s product portfolio of pumps, valves, mixers, filters, air dryers, hydraulic tools, homogenizers, separators and heat exchangers, along with the related aftermarket parts and services, supports global industries, including food and beverage, oil and gas, power generation (including nuclear and conventional), chemical processing, compressed air and mining..
Shares of the company are trading at $41.23 a bit higher than the 50 day moving average of $39.73 and marginally over the 200 day moving average of $39.58. The 50 day moving average was up $1.50 whereas the 200 day moving average was up $1.65 or +4.16%.
SPX FLOW, Inc. currently has a P/E ratio of 343.58 and market cap is 1.75B.
Traders are a little more bullish of late if you take into consideration the decrease in short interest. The company saw a fall in short interest between September 29, 2017 and October 13, 2017 of -16.02%. Short shares fell from 438,325 to 368,121 over that timeframe. The short-interest ratio decreased to 2.0 and the short interest percentage is 0.01% as of October 13.
Wall Street investment firms have released opinions on SPX FLOW, Inc.. On August 8, 2017 the stock rating was changed to “Positive” by Susquehanna which is up from the previous “Neutral” rating.Advertisement