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.
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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