Flotek Industries, Inc. (NYSE:FTK) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $5.31 and last traded at $5.27, with a volume of 7,077,315 shares. The stock had previously closed at $8.27.

A number of equities research analysts have recently issued reports on the company. Zacks Investment Research cut Flotek Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, April 18th. ValuEngine lowered Flotek Industries from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Seaport Global Securities reissued a “buy” rating on shares of Flotek Industries in a report on Thursday, July 20th. Finally, BidaskClub lowered Flotek Industries from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th.

The firm’s market cap is $341.13 million. The firm has a 50-day moving average price of $8.14 and a 200-day moving average price of $10.47.

Institutional investors have recently made changes to their positions in the stock. Louisiana State Employees Retirement System boosted its position in shares of Flotek Industries by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 22,200 shares of the oil and gas company’s stock valued at $198,000 after buying an additional 100 shares during the period. Arizona State Retirement System boosted its position in shares of Flotek Industries by 0.4% in the second quarter. Arizona State Retirement System now owns 28,367 shares of the oil and gas company’s stock valued at $254,000 after buying an additional 100 shares during the period. Creative Planning boosted its position in Flotek Industries by 0.3% in the first quarter. Creative Planning now owns 120,778 shares of the oil and gas company’s stock valued at $1,545,000 after buying an additional 400 shares during the last quarter. Texas Permanent School Fund boosted its position in Flotek Industries by 1.3% in the second quarter. Texas Permanent School Fund now owns 39,712 shares of the oil and gas company’s stock valued at $355,000 after buying an additional 500 shares during the last quarter. Finally, Prudential Financial Inc. boosted its position in Flotek Industries by 0.6% in the first quarter. Prudential Financial Inc. now owns 92,399 shares of the oil and gas company’s stock worth $1,182,000 after buying an additional 550 shares during the last quarter.

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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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