Ocean Power Technologies
Pennington, New Jersey headquartered Ocean Power Technologies Inc.'s stock finished Tuesday's session 2.59% higher at $2.77 with a total trading volume of 239,481 shares. The Company's shares have advanced 2.59% in the previous three months. The stock is trading 8.98% below its 50-day moving average. Additionally, shares of Ocean Power Technologies, which develops and commercializes proprietary systems that generate electricity by harnessing the renewable energy of ocean waves primarily in North America, Europe, Asia, and Australia, have a Relative Strength Index (RSI) of 45.16.
On February 06th, 2017, Ocean Power and HAI Technologies Corp. announced a strategic alliance to pursue mutual opportunities through a joint applications development and marketing agreement with an initial focus on offshore oil and gas subsea chemical injection systems where persistent power and real-time data communications are critical. The free research report on OPTT is available at:
On Tuesday, shares in Irving, Texas headquartered Flowserve Corp. recorded a trading volume of 1.72 million shares, which was higher than their three months average volume of 1.25 million shares. The stock ended the session 1.11% lower at $50.93. The Company's shares have advanced 2.35% in the last one month, 11.57% over the previous three months, and 5.99% on an YTD basis. The stock is trading 2.66% above its 50-day moving average and 7.83% above its 200-day moving average. Moreover, shares of Flowserve, which designs, manufactures, distributes, and services industrial flow management equipment worldwide, have an RSI of 56.55.
On January 23rd, 2017, research firm Seaport Global Securities upgraded the Company's stock rating from 'Neutral' to 'Buy' while revising its previous target price from $48 a share to $60 a share.
On February 08th, 2017, Flowserve announced that R. Scott Rowe has been appointed President and CEO of the Company, effective April 01st, 2017. He succeeds Mark Blinn, who previously announced his intention to retire. Mr. Rowe will also join the Flowserve's Board of Directors. Mr. Rowe brings nearly 20 years of senior leadership and operational experience in the industry to Flowserve. He most recently served as President of the Cameron Group, a position he assumed in April 2016 following the merger between Schlumberger and Cameron International Corp. The complimentary report on FLS can be downloaded at:
Shares in White Plains, New York headquartered ITT Inc. closed the day 0.88% lower at $41.90. The stock recorded a trading volume of 842,103 shares, which was higher than its three months average volume of 672,030 shares. The Company's shares have gained 8.76% in the previous three months and 8.63% on an YTD basis. The stock is trading 2.16% and 15.33% above its 50-day and 200-day moving averages, respectively. Additionally, shares of ITT, which manufactures and sells engineered critical components and customized technology solutions for the energy, transportation, and industrial markets worldwide, have an RSI of 55.37.
On February 14th, 2017, ITT announced that it is increasing its quarterly dividend to $0.128 per share on the Company's outstanding stock. ITT's Board of Directors has approved the cash dividend for Q1 2017, which will be payable on April 03rd, 2017, to shareholders of record as of the close of business on March 13th, 2017. Visit us today and download our complete research report on ITT for free at:
At the close of trading on Tuesday, shares in Sarasota, Florida-based Roper Technologies Inc. finished 0.18% lower at $205.37. The stock recorded a trading volume of 461,508 shares. The Company's shares have advanced 8.95% in the last one month, 14.98% over the previous three months, and 12.39% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 9.36% and 15.73%, respectively. Furthermore, shares of Roper Technologies, which designs and develops license and software-as-a-service software, and engineered products and solutions, have an RSI of 82.31.
On February 09th, 2017, Roper Technologies announced that Q4 2016 GAAP diluted earnings per share were $1.78 and adjusted diluted earnings per share were $1.86. The Company's GAAP revenue and adjusted revenue each increased 7% to $1.011 billion and $1.018 billion, respectively. Orders increased 17% to $1.085 billion in Q4 2016 compared to $924.07 million in Q4 2015. Roper Technologies' GAAP gross margin increased 60 basis points on a y-o-y basis to 62.0%. Get free access to your technical report on ROP at:
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