Large Outflow of Money Witnessed in Colfax Corporation

Shares of Colfax Corporation (CFX) advanced to $40.05. The price had gained 2.69% or 1.05 points intraday. The latest trading session witnessed $6.1 million in upticks and $8.04 million in downticks, resulting in net money flow of (-1.94) million. The up/down ratio for the day stood at 0.76. On a weekly scale, the price has seen a change of 1.01%. From the trading data available, it was disclosed that a block trade of negative money flow worth $(-1.08) million occurred during the day. $0 million in uptick and $1.08 million in downtick were the highlight of the block transaction which had an up/down ratio of 0.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Shares of Colfax Corporation rose by 1.3% in the last five trading days and 12.77% for the last 4 weeks. Colfax Corporation is up 27.46% in the last 3-month period. Year-to-Date the stock performance stands at 12.77%. Colfax Corporation (NYSE:CFX) rose 3.9% or 1.52 points on Wednesday and made its way into the gainers of the day. After trading began at $39.84 the stock was seen hitting $41 as a peak level and $39.25 as the lowest level. The stock ended up at $40.52. The daily volume was measured at 1,734,381 shares. The 52-week high of the share price is $41 and the 52-week low is $20.22. The company has a market cap of $4,970 million.

Company has reported several Insider transactions to the SEC, on Jan 4, 2017, Matthew L. Trerotola (President & CEO) sold 16,929 shares at 36.75 per share price.On Dec 6, 2016, Stephen Wittig (SVP – CBS & Supply Chain) sold 22,428 shares at 37.71 per share price.On Oct 3, 2016, A. Lynne Puckett (SVP, GC & Secretary) sold 21,037 shares at 31.00 per share price.

Colfax Corp Last issued its quarterly earnings results on Oct 27, 2016. The company reported $0.39 EPS for the quarter, beating the analyst consensus estimate by $ 0.04. Analyst had a consensus of $0.35. The company had revenue of $879.20 million for the quarter, compared to analysts expectations of $892.30 million. The companys revenue was down -9.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.24 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Upgraded by RBC Capital Mkts on Jan 13, 2017 to Outperform, Raises Price Target to $ 43 from a previous price target of $32 .Colfax Corp was Upgraded by Argus to Buy on Nov 14, 2016.

Colfax Corporation is a global supplier of fluid handling products, including pumps, fluid handling systems and specialty valves. Its products serve a variety of applications in the commercial marine, oil and gas, power generation, global navy and general industrial markets and are sold worldwide primarily under the Allweiler, Fairmount, Houttuin, Imo, LSC, Portland Valve, Tushaco, Warren and Zenith brands.


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