The stock is trading at $41.92 which is just a bit higher than the 50 day moving average of $39.18 and which is marginally over the 200 day moving average of $39.18. The 50 day moving average was up $2.74 or +6.99% and the 200 day average was up $2.74. Trading volume for SPX FLOW, Inc. was 723 in the last trading session. Shares saw a steep decrease in trading volume of 99.78% under the normal average daily volume.
Short traders are feeling a little more bullish on shares of SPX FLOW, Inc. lately as inferred by the change in short interest. The firm recorded a fall in short interest of -15.72% as of the latest report on September 29, 2017. Short shares decreased 81,775 over that period. The days to cover decreased to 3.0 and the short interest percentage is 0.01% as of September 29.
These funds have shifted positions in (FLOW). As of quarter end Louisiana State Employees Retirement System had disposed of a total of 100 shares trimming its holdings by 0.6%. The value of the investment in FLOW went from $634,000 to $659,000 a change of 3.9% quarter over quarter. Bank Of Montreal /can/ expanded its ownership by buying 15,560 shares an increase of 8,276.6%. Bank Of Montreal /can/ owns 15,748 shares worth $607,000. The total value of its holdings increased 8,571.4%.
As of the end of the quarter Seabridge Investment Advisors LLC had sold 90 shares trimming its stake by 0.1%. The value of the total investment in SPX FLOW, Inc. increased from $3,171,000 to $3,312,000 increasing 4.4% for the reporting period. Diamond Hill Capital Management Inc divested its investment by shedding 30,821 shares a decrease of 2.2% as of 09/30/2017. Diamond Hill Capital Management Inc controls 1,372,932 shares valued at $52,940,000. The value of the position overall is up by 2.3%.
Wolfe Research added the stock to its research portfolio setting a rating of “Peer Perform”. On August 8, 2017 the stock rating was rated “Positive” by Susquehanna a boost from the previous “Neutral” rating.
The P/E ratio is currently 349.33 and market cap is 1.78B. As of the last earnings report the EPS was $0.12 and is expected to be $0.15 for the current year with 42,344,000 shares presently outstanding. Analysts expect next quarter’s EPS will be $0.64 with next year’s EPS anticipated to be $2.30.
SPX FLOW, Inc., launched on February 11, 2015, is a global supplier of engineered solutions. As of December 31, 2016, the Company had operations in over 30 countries and sales in over 150 countries around the world. The Company operates in three business segments: Food and Beverage, Power and Energy, and Industrial. The Business’s product portfolio of pumps, valves, mixers, filters, air dryers, hydraulic tools, homogenizers, separators and heat exchangers, along with the related aftermarket parts and services, supports global industries, including food and beverage, oil and gas, power generation (including nuclear and conventional), chemical processing, compressed air and mining..