Flotek Industries Inc. (FTK) Plunges 7.97% on January 14

Flotek Industries Inc. (FTK) Plunges 7.97% on January 14

Flotek Industries Inc. (FTK) had a rough trading day for Monday January 14 as shares tumbled 7.97%, or a loss of $-0.22 per share, to close at $2.54. After opening the day at $2.69, shares of Flotek Industries Inc. traded as high as $2.80 and as low as $2.53. Volume was 3.96 million shares over 11,388 trades, against an average daily volume of 1.22 million shares and a total float of 57.04 million.

As a result of the decline, Flotek Industries Inc. now has a market cap of $144.88 million. In the last year, shares of Flotek Industries Inc. have traded between a range of $6.77 and $0.95, and its 50-day SMA is currently $1.48 and 200-day SMA is $2.85.

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 through the following segments: The Energy Chemistry Technologies segment designs, develops, manufactures, packages, and markets chemistries for use in oil and gas well drilling, cementing, completion, and stimulation activities; The Consumer and Industrial Chemistry Technologies segment designs, develops, and manufactures products that are sold to companies in the flavor and fragrance industries and specialty chemical industry.

Flotek Industries Inc. is based out of Houston, TX and has some 334 employees. Its CEO is John W. Chisholm.

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