Forum Energy Technologies Inc. (FET) Soars 2.73% on August 05

Equities Staff  |

Forum Energy Technologies Inc. (FET) had a good day on the market for Thursday August 06 as shares jumped 2.73% to close at $0.53. About 2.39 million shares traded hands on 3,384 trades for the day, compared with an average daily volume of n/a shares out of a total float of 111.37 million. After opening the trading day at $0.54, shares of Forum Energy Technologies Inc. stayed within a range of $0.55 to $0.52.

With today's gains, Forum Energy Technologies Inc. now has a market cap of $59.05 million. Shares of Forum Energy Technologies Inc. have been trading within a range of $100.00 and $0.16 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.

Forum Energy Technologies Inc designs, manufactures, and distributes products and engages in aftermarket services, parts supply, and related operations. Product offerings include drilling rig equipment for new rigs, upgrades, and refurbishment projects; subsea construction and development projects; pressure pumping equipment; and downstream capital projects. Through the drilling and subsea segment, Forum designs and manufactures a slate of different drilling equipment, as well as products and services for well and subsea construction and completion and intervention markets. The production and infrastructure portion of the business provides products and services that cater to well stimulation, production, and infrastructure markets.

Forum Energy Technologies Inc. is based out of Houston, TX and has some 2,300 employees. Its CEO is C. Christopher Gaut.

For a complete fundamental analysis of Forum Energy Technologies Inc., check out Equities.com’s Stock Valuation Analysis report for FET.

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Forum Energy Technologies Inc. is also 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.

To get more information on Forum Energy Technologies Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: FET’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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