Forum Energy Technologies, Inc.s in-depth stock price analysis indicates that the stock price has rallied 11.14% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 21.07% . Looking at the past 52 week period, the stock price is up at 157.03% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Forum Energy Technologies, Inc. has a positive value of 66.67 compared to overall market. Forum Energy Technologies, Inc. (NYSE:FET) has tumbled 4.57% during the past week and has dropped 6% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 5.33%. Forum Energy Technologies, Inc. (NYSE:FET) has underperformed the index by 7.68% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Forum Energy Technologies, Inc. (NYSE:FET) stock ended Friday session in the red zone in a volatile trading. The stock closed down 2.35 points or 9.67% at $21.95 with 4,660,659 shares getting traded. Post opening the session at $26.25, the shares hit an intraday low of $21.85 and an intraday high of $26.25 and the price was in this range throughout the day. The company has a market cap of $2,007 million and the number of outstanding shares has been calculated to be 91,430,806 shares. The 52-week high of Forum Energy Technologies, Inc. (NYSE:FET) is $26.25 and the 52-week low is $8.47.
Forum Energy Technologies Inc Last issued its quarterly earnings results on Jul 28, 2016. The company reported $-0.19 EPS for the quarter, beating the analyst consensus estimate by $ 0.07. Analyst had a consensus of $-0.26. The company had revenue of $142.80 million for the quarter, compared to analysts expectations of $142.10 million. The companys revenue was down -49.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.16 EPS.
Company has reported several Insider transactions to the SEC, on Jan 6, 2017, James Whelan Harris (EVP & CFO) sold 10,284 shares at 24.00 per share price.On Dec 27, 2016, Prady Iyyanki (President & COO) sold 10,000 shares at 23.00 per share price.On Dec 9, 2016, Andrew L Waite (director) sold 3,725,000 shares at 21.50 per share price.
Forum Energy Technologies is a global oilfield products company, serving the subsea, drilling, completion, production and infrastructure sectors of the oil and natural gas industry. The Company designs and manufactures products, and engages in aftermarket services, parts supply and related services that complement the Companys product offering.