Flotek Industries, Inc. (NYSE:FTK)’s share price reached a new 52-week low on Friday . The stock traded as low as $4.73 and last traded at $4.76, with a volume of 2,119,002 shares trading hands. The stock had previously closed at $5.18.

Several equities analysts have recently weighed in on the company. BidaskClub cut Flotek Industries from a “sell” rating to a “strong sell” rating in a report on Thursday, August 24th. ValuEngine cut Flotek Industries from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Zacks Investment Research cut Flotek Industries from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. Finally, Seaport Global Securities reissued a “buy” rating on shares of Flotek Industries in a report on Thursday, July 20th.

The company’s market cap is $270.61 million. The company has a 50-day moving average price of $6.36 and a 200 day moving average price of $9.72.

A number of large investors have recently bought and sold shares of FTK. Teachers Advisors LLC boosted its holdings in Flotek Industries by 12.5% in the fourth quarter. Teachers Advisors LLC now owns 108,511 shares of the oil and gas company’s stock valued at $1,019,000 after purchasing an additional 12,050 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in Flotek Industries by 1.8% in the first quarter. Louisiana State Employees Retirement System now owns 22,100 shares of the oil and gas company’s stock valued at $283,000 after purchasing an additional 400 shares during the last quarter. First Mercantile Trust Co. purchased a new stake in Flotek Industries in the first quarter valued at $112,000. Wells Fargo & Company MN boosted its holdings in Flotek Industries by 30.6% in the first quarter. Wells Fargo & Company MN now owns 82,643 shares of the oil and gas company’s stock valued at $1,057,000 after purchasing an additional 19,350 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its holdings in Flotek Industries by 5.4% in the first quarter. Great West Life Assurance Co. Can now owns 74,835 shares of the oil and gas company’s stock valued at $957,000 after purchasing an additional 3,811 shares during the last quarter. 96.74% of the stock is currently owned by institutional investors.

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Flotek Industries Company Profile

Flotek Industries, Inc is a technology-driven company. The Company develops and supplies chemistry and services to the oil and gas industries, and compounds to companies that make cleaning products, cosmetics, food and beverages, and other products that are sold in consumer and industrial markets. The Company operates through two segments: Energy Chemistry Technologies (ECT), and Consumer and Industrial Chemistry Technologies (CICT).

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