Forum Energy Technologies (NYSE:FET) shares top 200-day moving average of $21.41

Shares of Forum Energy Technologies, Inc. (NYSE:FET – Get Rating) topped its two-hundred-day moving average during Thursday’s trading. The stock has a two-hundred-day moving average of $21.41 and is trading as low as $25.42. Shares of Forum Energy Technologies last traded at $25.42, with volume of 43,050 shares changing hands.

Forum Energy Technologies trades up 1.0%

The company’s fifty-day simple moving average is $20.99 and its 200-day simple moving average is $21.41. The company has a debt ratio of 0.87, a current ratio of 2.63 and a quick ratio of 1.00. The company has a market capitalization of $145.43 million, a PE ratio of -4.25 and a beta of 3.21.

Forum Energy Technologies Institutional Trading

Institutional investors have recently changed their stock portfolios. Dorsey Wright & Associates bought a new position in Forum Energy Technologies in Q2 worth around $37,000. State Street Corp increased its stake in Forum Energy Technologies by 6.8% in the first quarter. State Street Corp now owns 15,996 shares of the oil and gas company worth $366,000 after acquiring 1,022 additional shares during the period. Northern Trust Corp bought a new position in Forum Energy Technologies in Q1 worth around $204,000. Dimensional Fund Advisors LP increased its position in Forum Energy Technologies by 6.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 150,797 shares of the oil and gas company worth $3,453,000 after acquiring 9,076 additional shares during the period. Finally, Acadian Asset Management LLC increased its stake in shares of Forum Energy Technologies by 2.0% during the 1st quarter. Acadian Asset Management LLC now owns 64,082 shares of the oil and gas company valued at $1,466,000 after purchasing an additional 1,270 shares in the last quarter. Hedge funds and other institutional investors hold 44.06% of the company’s shares.

About Forum Energy Technologies

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Forum Energy Technologies, Inc. designs, manufactures, and distributes products for the petroleum, natural gas, industrial, and renewable energy industries in the United States and around the world. It operates through three segments: drilling and downhole, completions and production. The Drilling & Downhole segment designs, manufactures and supplies products and provides related services to the drilling, well construction, artificial lift and subsea energy construction markets, including applications in the oil and natural gas, renewable energy, defense and communications.

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Melvin B. Baillie