SPX Flow (FLOW) Reaches New 1-Year Low at $33.01

SPX Flow Inc (NYSE:FLOW) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $33.01 and last traded at $33.86, with a volume of 13774 shares changing hands. The stock had previously closed at $34.72.

FLOW has been the topic of a number of research analyst reports. TheStreet downgraded SPX Flow from a “b” rating to a “c+” rating in a report on Monday, October 29th. ValuEngine cut SPX Flow from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th. Buckingham Research reduced their price objective on SPX Flow from $60.00 to $44.00 and set a “buy” rating for the company in a research report on Wednesday, October 31st. Zacks Investment Research upgraded SPX Flow from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Tuesday, September 11th. Finally, Barclays reduced their price objective on SPX Flow from $46.00 to $42.00 and set an “equal weight” rating for the company in a research report on Thursday, November 1st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. SPX Flow has an average rating of “Hold” and an average price target of $50.00.

The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.12 and a current ratio of 1.62. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 26.42, a price-to-earnings-growth ratio of 0.38 and a beta of 2.43.

SPX Flow (NYSE:FLOW) last issued its earnings results on Tuesday, October 30th. The industrial products company reported $0.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.14. SPX Flow had a net margin of 4.89% and a return on equity of 9.59%. The firm had revenue of $530.30 million during the quarter, compared to analyst estimates of $521.01 million. During the same quarter in the prior year, the business earned $0.42 earnings per share. SPX Flow’s revenue for the quarter was up 8.0% on a year-over-year basis. As a group, equities analysts forecast that SPX Flow Inc will post 2.28 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the stock. Russell Investments Group Ltd. boosted its position in shares of SPX Flow by 205.2% during the second quarter. Russell Investments Group Ltd. now owns 4,300 shares of the industrial products company’s stock worth $188,000 after acquiring an additional 2,891 shares during the last quarter. Brown Advisory Inc. bought a new position in SPX Flow during the third quarter valued at $217,000. Rehmann Capital Advisory Group lifted its position in SPX Flow by 5,100.0% during the third quarter. Rehmann Capital Advisory Group now owns 13,000 shares of the industrial products company’s stock valued at $250,000 after purchasing an additional 12,750 shares during the last quarter. Aristotle Atlantic Partners LLC lifted its position in SPX Flow by 42.9% during the second quarter. Aristotle Atlantic Partners LLC now owns 6,042 shares of the industrial products company’s stock valued at $264,000 after purchasing an additional 1,813 shares during the last quarter. Finally, Sei Investments Co. lifted its position in SPX Flow by 21.4% during the second quarter. Sei Investments Co. now owns 6,249 shares of the industrial products company’s stock valued at $274,000 after purchasing an additional 1,102 shares during the last quarter. Hedge funds and other institutional investors own 87.16% of the company’s stock.

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SPX Flow Company Profile (NYSE:FLOW)

SPX FLOW, Inc provides various engineered solutions worldwide. The company engineers, designs, manufactures, and markets products and solutions used to process, blend, filter, dry, meter, and transport fluids with a focus on original equipment installation, including turn-key systems, modular systems, and components, as well as aftermarket components and support services.

See Also: Retained Earnings

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