Stocks of TechnipFMC plc (NYSE:FTI) traded higher last session on Wall Street, down -0.99% to $28.00.
FTI stock price is now 8.49% away from the 50-day moving average and 23.74% away from the 200-day moving average. The market capitalization of the company currently stands at $12.07B.
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With the price target enhanced from $26 to $28, TD Cowen maintained Outperform rating for TechnipFMC plc (NYSE: FTI). , while ‘Exane BNP Paribas’ rates the stock as ‘Neutral’
In other news, Light David, SVP & Chief Accounting Officer sold 5,928 shares of the company’s stock on Jun 26 ’24. The stock was sold for $153,002 at an average price of $25.81. Upon completion of the transaction, the SVP & Chief Accounting Officer now directly owns 11,534 shares in the company, valued at $0.32 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 04 ’24, Chair and CEO Pferdehirt Douglas J. sold 1,371,235 shares of the business’s stock. A total of $29,961,485 was realized by selling the stock at an average price of $21.85. This leaves the insider owning 2,687,307 shares of the company worth $75.24 million. A total of 1.06% of the company’s stock is owned by insiders.
During the past 12 months, TechnipFMC plc has had a low of $17.07 and a high of $28.30. As of last week, the company has a debt-to-equity ratio of 0.64, a current ratio of 1.16, and a quick ratio of 0.86. The fifty day moving average price for FTI is $25.8514 and a two-hundred day moving average price translates $22.66165 for the stock.
The latest earnings results from TechnipFMC plc (NYSE: FTI) was released for 2024-03-31. The net profit margin was 2.62% and return on equity was 6.86% for FTI. The company reported revenue of $2.04 billion for the quarter, compared to $1.72 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 18.9 percent.
