Stephen A. Tsoris Sells 5,850 Shares of Flow International Corp (NASDAQ:FLOW) Stock
Flow International Corp (NASDAQ:FLOW) VP Stephen A. Tsoris sold 5,850 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $35.00, for a total transaction of $204,750.00. Following the completion of the transaction, the vice president now owns 44,694 shares in the company, valued at approximately $1,564,290. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of Flow International Corp (NASDAQ FLOW) traded down 0.66% during midday trading on Wednesday, reaching $34.45. The company had a trading volume of 159,648 shares. The company’s 50 day moving average price is $36.54 and its 200 day moving average price is $35.83. The stock has a market capitalization of $1.44 billion and a PE ratio of 287.08. Flow International Corp has a 52-week low of $22.34 and a 52-week high of $40.66.
Flow International Corp (NASDAQ:FLOW) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by $0.04. The company had revenue of $498 million during the quarter, compared to analysts’ expectations of $499.28 million. During the same quarter in the previous year, the company earned $0.46 EPS. The firm’s revenue was down 5.8% compared to the same quarter last year. Equities research analysts expect that Flow International Corp will post $0.15 earnings per share for the current year.
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Several hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers boosted its position in shares of Flow International Corp by 6.9% in the second quarter. Rhumbline Advisers now owns 83,182 shares of the company’s stock valued at $3,068,000 after buying an additional 5,370 shares in the last quarter. Aperio Group LLC boosted its position in Flow International Corp by 1.7% in the second quarter. Aperio Group LLC now owns 61,227 shares of the company’s stock worth $2,258,000 after buying an additional 996 shares during the period. Rex Capital Advisors LLC bought a new position in Flow International Corp during the first quarter worth $315,000. Karp Capital Management Corp bought a new position in Flow International Corp during the first quarter worth $2,091,000. Finally, Russell Investments Group Ltd. boosted its position in Flow International Corp by 5.5% in the first quarter. Russell Investments Group Ltd. now owns 28,146 shares of the company’s stock worth $977,000 after buying an additional 1,468 shares during the period.
A number of research firms have commented on FLOW. Wolfe Research began coverage on shares of Flow International Corp in a research note on Tuesday, July 11th. They set a “market perform” rating on the stock. Zacks Investment Research lowered shares of Flow International Corp from a “buy” rating to a “hold” rating in a report on Monday, July 10th. Stifel Nicolaus reissued a “buy” rating and issued a $46.00 target price on shares of Flow International Corp in a report on Friday, July 14th. Royal Bank Of Canada reissued a “hold” rating and issued a $35.00 target price on shares of Flow International Corp in a report on Tuesday, April 11th. Finally, Credit Suisse Group reissued a “sell” rating and issued a $30.00 target price on shares of Flow International Corp in a report on Tuesday, April 11th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $39.83.
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