Rotork plc (OTCMKTS:RTOXF – Get Free Report) was the target of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 85,508 shares, a decline of 75.4% from the July 30th total of 347,965 shares. Based on an average trading volume of 1,827 shares, the short-interest ratio is currently 46.8 days.
Rotork Price Performance
RTOXF remained flat at $6.42 on Thursday. The company had a trading volume of 487 shares, compared to its average volume of 4,372. The stock’s 50 day moving average price is $5.42 and its two-hundred day moving average price is $4.75. Rotork has a fifty-two week low of $3.70 and a fifty-two week high of $6.70.
Analyst Ratings Changes
Several equities analysts have recently weighed in on RTOXF shares. Royal Bank Of Canada downgraded shares of Rotork from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, August 5th. BNP Paribas Exane downgraded shares of Rotork from an “outperform” rating to a “neutral” rating in a report on Tuesday, July 21st. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Rotork from a “buy” rating to a “hold” rating in a research note on Thursday, July 16th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.
About Rotork
Rotork is a global provider of precision flow control equipment, specializing in the design, manufacture and distribution of industrial actuators, gearboxes and associated control systems. Its core product portfolio includes electric, pneumatic and hydraulic actuators, as well as manual gearing solutions, each engineered to automate and regulate the movement of valves, dampers and other critical process equipment.
Beyond its actuator range, Rotork offers a suite of instrumentation and control products, such as smart positioners, telemetry modules and condition-monitoring systems, designed to enhance process safety and efficiency.
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