Flowserve Corporation (FLS) Dips 5.67% for October 26

Equities Staff  |

Among the S&P 500’s biggest fallers on Monday October 26 was Flowserve Corporation (FLS). The stock experienced a 5.67% decline to $29.95 with 1.33 million shares changing hands.

Flowserve Corporation started at an opening price of 31.06 and hit a high of $31.35 and a low of $29.64. Ultimately, the stock took a hit and finished the day at $1.8 per share. Flowserve Corporation trades an average of n/a shares a day out of a total 130.16 million shares outstanding. The current moving averages are a 50-day SMA of $n/a and a 200-day SMA of $n/a. Flowserve Corporation hit a high of $51.25 and a low of $18.98 over the last year.

Flowserve Corp is a manufacturer and aftermarket service provider of comprehensive flow control systems. It develops precision-engineered flow control equipment to monitor movement and protect customers' materials and processes. It offers an extensive range of pumps, valves, seals, and services for several global industries, including oil and gas, chemical, power generation, and water management. In addition, Flowserve has a worldwide network of Quick Response Centers to provide aftermarket equipment services. The aftermarket services help customers with installation, advanced diagnostics, repair, and retrofitting. Sales are roughly split across many global regions, with North America and Europe contributing the majority of total revenue.

With its headquarters located in Irving, TX, Flowserve Corporation employs 17,000 people. After today’s trading, the company’s market cap has fallen to $3.9 billion, a P/S of n/a, a P/B of 2.35, and a P/FCF of n/a.

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For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.

The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.

To get more information on Flowserve Corporation and to follow the company’s latest updates, you can visit the company’s profile page here: FLS’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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