Michael A. Lewis Sells 2,013 Shares of NPK International Inc. (NYSE:NPKI) Stock

NPK International Inc. (NYSE:NPKI) Director Michael A. Lewis sold 2,013 shares of the firm’s stock in a transaction on Monday, June 16th. The shares were sold at an average price of $8.60, for a total transaction of $17,311.80. Following the transaction, the director now directly owns 137,372 shares of the company’s stock, valued at $1,181,399.20. The trade was a 1.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

NPK International Stock Performance

NPKI stock opened at $8.57 on Friday. The firm has a fifty day simple moving average of $7.46. NPK International Inc. has a fifty-two week low of $4.76 and a fifty-two week high of $8.88. The stock has a market capitalization of $724.34 million, a price-to-earnings ratio of -5.07 and a beta of 2.12. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.37 and a current ratio of 2.60.

NPK International (NYSE:NPKI) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.04. NPK International had a negative net margin of 42.71% and a positive return on equity of 8.09%. The business had revenue of $64.78 million during the quarter, compared to analysts’ expectations of $56.01 million. On average, equities analysts predict that NPK International Inc. will post 0.39 EPS for the current year.

Analyst Upgrades and Downgrades

NPKI has been the subject of several research reports. B. Riley assumed coverage on shares of NPK International in a report on Thursday, March 27th. They set a “buy” rating and a $11.00 price objective for the company. HC Wainwright reissued a “buy” rating and set a $12.00 price target on shares of NPK International in a research note on Monday, May 5th.

NPK International Company Profile

NPK International Inc provides products, rentals, and services primarily to the oil and natural gas exploration and production (E&P) industry. It operates through two segments, Fluids Systems and Industrial Solutions. The Fluids Systems segment provides drilling, completion, and stimulation fluids products and related technical services to customers primarily in the North America, Europe, the Middle East, and Africa, as well as other countries in the Asia Pacific and Latin America.