Forum Energy Technologies, Inc. (NYSE:FET – Get Free Report) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 186,600 shares, a growth of 22.8% from the May 31st total of 151,900 shares. Currently, 1.7% of the company’s stock are short sold. Based on an average daily trading volume, of 32,400 shares, the days-to-cover ratio is presently 5.8 days.
Forum Energy Technologies Stock Down 2.8 %
FET stock traded down $0.47 during trading on Tuesday, hitting $16.05. 40,542 shares of the company’s stock were exchanged, compared to its average volume of 34,829. The business has a 50-day moving average price of $17.88 and a two-hundred day moving average price of $19.30. The stock has a market capitalization of $197.09 million, a price-to-earnings ratio of -6.80 and a beta of 2.53. Forum Energy Technologies has a 52-week low of $15.80 and a 52-week high of $28.73. The company has a current ratio of 2.83, a quick ratio of 1.26 and a debt-to-equity ratio of 0.63.
Forum Energy Technologies (NYSE:FET – Get Free Report) last posted its earnings results on Thursday, May 2nd. The oil and gas company reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.81) by $0.69. The firm had revenue of $202.40 million during the quarter, compared to analysts’ expectations of $211.60 million. Forum Energy Technologies had a negative return on equity of 0.94% and a negative net margin of 3.42%.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
Separately, StockNews.com cut Forum Energy Technologies from a “buy” rating to a “hold” rating in a research note on Monday, May 6th.
View Our Latest Stock Report on Forum Energy Technologies
Forum Energy Technologies Company Profile
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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