Flow International Corp (FLOW) Bonds Drop 0.8% During Trading

An issue of Flow International Corp (NASDAQ:FLOW) bonds fell 0.8% against their face value during trading on Monday. The debt issue has a 5.625% coupon and is set to mature on August 15, 2024. The debt is now trading at $103.00. Price changes in a company’s bonds in credit markets sometimes anticipate parallel changes in its stock price.

A number of research firms recently weighed in on FLOW. Stifel Nicolaus reaffirmed a “buy” rating on shares of Flow International Corp in a research report on Thursday. Zacks Investment Research cut shares of Flow International Corp from a “hold” rating to a “sell” rating in a research report on Wednesday. Wolfe Research assumed coverage on shares of Flow International Corp in a research report on Tuesday, July 11th. They issued a “market perform” rating for the company. Royal Bank Of Canada reissued a “hold” rating and issued a $35.00 price target on shares of Flow International Corp in a research report on Tuesday, April 11th. Finally, Credit Suisse Group reissued a “sell” rating and issued a $30.00 price target on shares of Flow International Corp in a research report on Tuesday, April 11th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. Flow International Corp presently has a consensus rating of “Hold” and a consensus price target of $39.40.

Shares of Flow International Corp (FLOW) traded up 0.97% during midday trading on Friday, reaching $34.44. 118,739 shares of the company traded hands. Flow International Corp has a 12 month low of $22.34 and a 12 month high of $40.66. The company has a 50 day moving average of $36.97 and a 200 day moving average of $35.87. The firm has a market capitalization of $1.44 billion and a P/E ratio of 287.00.

Flow International Corp (NASDAQ:FLOW) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by $0.04. The company had revenue of $498 million for the quarter, compared to analyst estimates of $499.28 million. The firm’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.46 EPS. On average, equities research analysts predict that Flow International Corp will post $0.15 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. boosted its stake in shares of Flow International Corp by 5.5% in the first quarter. Russell Investments Group Ltd. now owns 28,146 shares of the company’s stock valued at $977,000 after buying an additional 1,468 shares in the last quarter. Karp Capital Management Corp purchased a new stake in shares of Flow International Corp during the first quarter valued at $2,091,000. Rhumbline Advisers boosted its stake in shares of Flow International Corp by 6.9% in the second quarter. Rhumbline Advisers now owns 83,182 shares of the company’s stock valued at $3,068,000 after buying an additional 5,370 shares in the last quarter. Aperio Group LLC boosted its stake in shares of Flow International Corp by 1.7% in the second quarter. Aperio Group LLC now owns 61,227 shares of the company’s stock valued at $2,258,000 after buying an additional 996 shares in the last quarter. Finally, Rex Capital Advisors LLC purchased a new stake in shares of Flow International Corp during the first quarter valued at $315,000.

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