FTI Consulting Inc. (FCN) Sees Large Volume Increase
FTI Consulting Inc. (NYSE:FCN) saw unusually-high trading volume on Friday . Approximately 160,831 shares traded hands during trading, a decline of 5% from the previous session’s volume of 170,047 shares.The stock last traded at $44.94 and had previously closed at $44.65.
FCN has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of FTI Consulting from a “buy” rating to a “hold” rating in a research report on Thursday, July 21st. Deutsche Bank AG started coverage on shares of FTI Consulting in a research report on Wednesday, August 17th. They set a “hold” rating and a $44.00 price objective on the stock.
The stock’s 50-day moving average is $43.20 and its 200-day moving average is $39.13. The company has a market cap of $1.82 billion and a price-to-earnings ratio of 24.06.
In other news, Director Gerard E. Holthaus sold 8,403 shares of FTI Consulting stock in a transaction on Wednesday, June 8th. The stock was sold at an average price of $43.02, for a total transaction of $361,497.06. Following the completion of the sale, the director now directly owns 69,505 shares in the company, valued at $2,990,105.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
FTI Consulting, Inc (FTI Consulting) is a business advisory firm. The Company operates through five segments: Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology and Strategic Communications. Its Corporate Finance & Restructuring segment focuses on strategic, operational, financial and capital needs of businesses around the world.
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