SPX Flow Inc (NYSE:FLOW) was the target of a large growth in short interest in January. As of January 31st, there was short interest totalling 1,160,000 shares, a growth of 14.9% from the January 15th total of 1,010,000 shares. Based on an average daily volume of 271,800 shares, the days-to-cover ratio is presently 4.3 days. Currently, 2.8% of the shares of the stock are sold short.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Point72 Hong Kong Ltd purchased a new stake in SPX Flow during the fourth quarter valued at about $29,000. Financial Architects Inc boosted its holdings in shares of SPX Flow by 573.3% in the 3rd quarter. Financial Architects Inc now owns 781 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 665 shares in the last quarter. Evoke Wealth LLC bought a new position in shares of SPX Flow during the 3rd quarter valued at about $35,000. First Mercantile Trust Co. increased its position in shares of SPX Flow by 390.0% during the 3rd quarter. First Mercantile Trust Co. now owns 980 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 780 shares during the last quarter. Finally, Aigen Investment Management LP bought a new position in shares of SPX Flow during the 4th quarter valued at about $67,000. 92.57% of the stock is owned by institutional investors.
FLOW traded down $1.63 on Friday, reaching $41.18. The company had a trading volume of 195,100 shares, compared to its average volume of 200,710. The business has a 50 day simple moving average of $46.42 and a 200 day simple moving average of $42.43. The company has a market cap of $1.82 billion, a price-to-earnings ratio of 74.87, a P/E/G ratio of 2.38 and a beta of 2.13. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.70 and a current ratio of 2.02. SPX Flow has a 52-week low of $30.44 and a 52-week high of $49.94.
SPX Flow (NYSE:FLOW) last released its quarterly earnings results on Tuesday, February 11th. The industrial products company reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.02). The company had revenue of $364.30 million during the quarter, compared to analysts’ expectations of $365.08 million. SPX Flow had a return on equity of 9.06% and a net margin of 1.30%. SPX Flow’s quarterly revenue was down 11.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.87) EPS. As a group, equities research analysts predict that SPX Flow will post 1.88 EPS for the current fiscal year.
FLOW has been the subject of several analyst reports. Vertical Research raised shares of SPX Flow from a “sell” rating to a “hold” rating in a report on Tuesday. ValuEngine cut shares of SPX Flow from a “buy” rating to a “hold” rating in a report on Tuesday, December 3rd. Buckingham Research increased their price objective on SPX Flow from $45.00 to $53.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. TheStreet lowered SPX Flow from a “b-” rating to a “c” rating in a research note on Monday, February 3rd. Finally, Barclays set a $40.00 target price on SPX Flow and gave the stock a “hold” rating in a research report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. SPX Flow presently has an average rating of “Buy” and an average price target of $49.67.
SPX Flow Company Profile
SPX FLOW, Inc provides various engineered solutions worldwide. It operates in three segments: Food and Beverage, Power and Energy, and Industrial. The Food and Beverage segment offers mixing, drying, evaporation, and separation systems and components; heat exchangers, and reciprocating and centrifugal pump technologies; and turn-key systems primarily under the Anhydro, APV, Bran+Luebbe, Gerstenberg Schroeder, LIGHTNIN, Seital, and Waukesha Cherry-Burrell brands.
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