SPX Flow Inc (NYSE:FLOW) shares were up 8.3% during mid-day trading on Friday . The company traded as high as $38.16 and last traded at $37.63, approximately 293,896 shares were traded during trading. An increase of 13% from the average daily volume of 259,994 shares. The stock had previously closed at $34.75.

A number of equities analysts have issued reports on FLOW shares. ValuEngine upgraded shares of SPX Flow from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 2nd. Zacks Investment Research upgraded shares of SPX Flow from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 8th. Buckingham Research lifted their target price on shares of SPX Flow from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Finally, Seaport Global Securities cut shares of SPX Flow from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. SPX Flow has an average rating of “Hold” and an average target price of $40.80.

The business’s 50-day moving average price is $36.64 and its two-hundred day moving average price is $36.98. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.12 and a quick ratio of 1.77. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 15.87, a price-to-earnings-growth ratio of 2.09 and a beta of 2.11.

SPX Flow (NYSE:FLOW) last posted its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.09). The firm had revenue of $385.40 million during the quarter, compared to analyst estimates of $500.94 million. SPX Flow had a net margin of 4.51% and a return on equity of 9.47%. The business’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.54 EPS. As a group, sell-side analysts forecast that SPX Flow Inc will post 1.81 earnings per share for the current year.

Several large investors have recently bought and sold shares of FLOW. Marshall Wace LLP acquired a new position in shares of SPX Flow in the first quarter valued at approximately $3,225,000. Marshall Wace North America L.P. raised its position in shares of SPX Flow by 5,498.8% in the first quarter. Marshall Wace North America L.P. now owns 65,674 shares of the industrial products company’s stock valued at $2,097,000 after buying an additional 64,501 shares during the last quarter. ACR Alpine Capital Research LLC raised its position in shares of SPX Flow by 7.8% in the first quarter. ACR Alpine Capital Research LLC now owns 2,260,757 shares of the industrial products company’s stock valued at $72,118,000 after buying an additional 164,030 shares during the last quarter. FMR LLC raised its position in shares of SPX Flow by 1.4% in the first quarter. FMR LLC now owns 1,004,760 shares of the industrial products company’s stock valued at $32,051,000 after buying an additional 13,672 shares during the last quarter. Finally, First Trust Advisors LP raised its position in shares of SPX Flow by 307.0% in the first quarter. First Trust Advisors LP now owns 41,803 shares of the industrial products company’s stock valued at $1,334,000 after buying an additional 31,532 shares during the last quarter. 89.89% of the stock is owned by institutional investors and hedge funds.

About SPX Flow (NYSE:FLOW)

SPX FLOW, Inc provides various engineered solutions worldwide. It operates in three segments: Food and Beverage, Power and Energy, and Industrial. The Food and Beverage segment offers mixing, drying, evaporation, and separation systems and components; heat exchangers, and reciprocating and centrifugal pump technologies; and turn-key systems primarily under the Anhydro, APV, Bran+Luebbe, Gerstenberg Schroeder, LIGHTNIN, Seital, and Waukesha Cherry-Burrell brands.

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