Flotek Industries, Inc. FTK
NYSE · United States · Industrial Services
$30.30+0.98 (+3.34%)
Market open· · USD · Data may be delayed
Prices may be delayed and are for informational purposes only - not investment advice.
Market open· · USD · Data may be delayed
Prices may be delayed and are for informational purposes only - not investment advice.
Total return, dividends included.
Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced that it has entered into a new secured term loan agreement providing $75 million of funding at closing and up to $45 million of delayed-draw availability. Elda River Capital Management, LLC ("Elda River") is the lead lender under the new financing, with additional investors including an affiliate of Antarctica Capital.
Flotek Industries has delivered a very strong share price run in recent years, and that kind of move naturally raises a basic question for you as an investor. Is the current price still grounded in what the business is actually earning today and is expected to earn over time, or has the story moved ahead of the numbers? Over the past 3 years the stock has produced a very large return, which puts a lot of weight on whether the present earnings base can support this kind of...
Where the price sits against its 50- and 200-day moving averages.
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