Flotek Industries (FTK) to Release Earnings on Monday

Flotek Industries (NYSE:FTK – Get Rating) will be posting its quarterly earnings results after the market closes on Monday, March 20th. Individual interested in listening to the company’s earnings conference call can do so using this link.

Flotek Industries Stock Up 0.7 %

Shares of NYSE FTK opened at $0.96 on Friday. The stock has a market cap of $74.39 million, a PE ratio of -1.43 and a beta of 1.79. The company has a quick ratio of 0.48, a current ratio of 0.62 and a debt-to-equity ratio of 0.14. Flotek Industries has a 52-week low of $0.83 and a 52-week high of $1.64. The business has a 50-day moving average price of $1.17 and a 200 day moving average price of $1.14.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Flotek Industries in a research report on Thursday. They issued a “sell” rating for the company.

Institutional Trading of Flotek Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC purchased a new stake in Flotek Industries during the 1st quarter valued at approximately $286,000. Charles Schwab Investment Management Inc. purchased a new position in shares of Flotek Industries during the 1st quarter worth approximately $43,000. B. Riley Wealth Advisors Inc. purchased a new position in shares of Flotek Industries during the 3rd quarter worth approximately $32,000. Finally, Jane Street Group LLC purchased a new position in shares of Flotek Industries during the 3rd quarter worth approximately $31,000. 25.42% of the stock is owned by hedge funds and other institutional investors.

Flotek Industries Company Profile

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Flotek Industries, Inc is a technology-driven, specialty chemistry and data company that serves customers across industrial, commercial and consumer markets. It operates through the following segments: Chemistry Technologies and Data Analytics. The Chemistry Technologies segment develops, manufactures, packages, distributes delivers, and markets sanitizers and disinfectants for commercial, governmental and personal consumer use and also includes specialty chemistries and logistics which enable customers to improve efficiencies in the drilling and completion of well.