Trade-Ideas: Flotek Industries (FTK) Is Today's Pre-Market Mover With Heavy Volume Stock

Trade-Ideas LLC identified Flotek Industries (FTK) as a pre-market mover with heavy volume candidate
By TheStreet Wire ,

Trade-Ideas LLC identified

Flotek Industries

(

FTK

) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Flotek Industries as such a stock due to the following factors:

  • FTK has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $30.0 million.
  • FTK traded 270,342 shares today in the pre-market hours as of 8:59 AM, representing 10.9% of its average daily volume.

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More details on FTK:

Flotek Industries, Inc. develops and supplies oilfield products, services, and equipment to the oil, gas, and mining industries in the United States and internationally. FTK has a PE ratio of 226. Currently there is 1 analyst that rates Flotek Industries a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for Flotek Industries has been 1.2 million shares per day over the past 30 days. Flotek has a market cap of $969.6 million and is part of the basic materials sector and energy industry. The stock has a beta of 0.86 and a short float of 29.7% with 4.76 days to cover. Shares are down 3.4% year-to-date as of the close of trading on Friday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Flotek Industries as a

hold

. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity.

Highlights from the ratings report include:

  • FTK's debt-to-equity ratio is very low at 0.16 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Although the company had a strong debt-to-equity ratio, its quick ratio of 0.91 is somewhat weak and could be cause for future problems.
  • 37.38% is the gross profit margin for FLOTEK INDUSTRIES INC which we consider to be strong. Regardless of FTK's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, the net profit margin of 2.24% trails the industry average.
  • FTK, with its decline in revenue, slightly underperformed the industry average of 19.4%. Since the same quarter one year prior, revenues fell by 24.7%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
  • Net operating cash flow has significantly decreased to $6.34 million or 70.47% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
  • Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. Compared to other companies in the Chemicals industry and the overall market, FLOTEK INDUSTRIES INC's return on equity significantly trails that of both the industry average and the S&P 500.

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