AMEC Foster Wheeler plc America (NYSE:AMFW):
AMEC FOSTER WHEELER INVESTOR ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 Investing In Amec Foster Wheeler plc To Contact The Firm.
The company is down since yesterday’s close of $5.64.
Amec Foster Wheeler plc provides consultancy, engineering, and project management services to the oil and gas, mining, clean energy, and environment and infrastructure markets worldwide. The company offers engineering, procurement, and construction solutions on wind, solar, biomass, and biofuel projects, as well as designs and supplies combustion and steam generation equipment. It also provides mining consultancy services, including ore resource estimation, and mine planning and feasibility studies; and design, project, and construction management services. In addition, the company offers consulting, engineering, and project management services in the areas of water, transportation and infrastructure, government services, and industrial sectors. It serves oil companies, chemical companies, utility companies, and government bodies. The company was formerly known as AMEC plc and changed its name to Amec Foster Wheeler plc. Amec Foster Wheeler plc was founded in 1848 and is headquartered in London, the United Kingdom..
The stock is trading at $5.51 a tad under the 50 day moving average which is $6.49 and a bit lower than the 200 day moving average of $6.23. The 50 day moving average went down $-0.98 or -15.0768% and the 200 day average went down by -11.5285%.
A few Wall Street analysts have weighed in on AMFW of late. On November 9 the stock rating was upgraded from “Underperform” to “Neutral” in an announcement from Macquarie. On October 28 the company was downgraded to “Hold” from “Buy” in a report issued by Goldman Sachs.
On October 27 the company was rated “Hold” by Societe Generale a cut from the previous “Buy” rating. On August 26 the stock rating was upgraded to “Overweight” from “” in a report from Morgan Stanley.
On July 5, 2016 the stock rating was changed to a “Neutral” in a report from Citigroup which is down from the previous “Neutral” rating. On March 14 the company was downgraded to “Underperform” from “Neutral” in a statement from Macquarie.