Flotek Industries Inc. (FTK) had a rough trading day for Monday October 28 as shares tumbled 5.16%, or a loss of $-0.11 per share, to close at $2.02. After opening the day at $2.16, shares of Flotek Industries Inc. traded as high as $2.21 and as low as $2.01. Volume was 439,368 shares over 1,943 trades, against an average daily volume of n/a shares and a total float of 57.7 million.
As a result of the decline, Flotek Industries Inc. now has a market cap of $116.55 million. In the last year, shares of Flotek Industries Inc. have traded between a range of $4.01 and $0.95, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.
Flotek Industries Inc delivers chemistry-based technology solutions for energy, industrial and consumer applications. It develops and supplies chemistry and services to the oil and gas industries, and high value compounds to companies that make food and beverages, cleaning products, cosmetics, and other. The company operates in the Energy Chemistry Technologies segment which designs, develops, manufactures, packages, and markets chemistries for use in oil and gas well drilling, cementing, completion, and stimulation activities.
Flotek Industries Inc. is based out of Houston, TX and has some 350 employees. Its CEO is John W. Chisholm.
Flotek Industries Inc. is a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.
Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives a broad, unbiased look at the small-cap market as a whole.
