An issue of Flow International Corp (NASDAQ:FLOW) debt fell 0.8% against its face value during trading on Monday. The high-yield debt issue has a 5.625% coupon and will mature on August 15, 2024. The bonds in the issue are now trading at $103.00. Price moves in a company’s debt in credit markets often anticipate parallel moves in its share price.
FLOW has been the subject of several recent research reports. Wolfe Research initiated coverage on Flow International Corp in a research report on Tuesday. They issued a “market perform” rating for the company. Zacks Investment Research lowered Flow International Corp from a “buy” rating to a “hold” rating in a research note on Monday. Royal Bank Of Canada reaffirmed a “hold” rating and set a $35.00 price target on shares of Flow International Corp in a research note on Tuesday, April 11th. Finally, Credit Suisse Group reissued a “sell” rating and set a $30.00 price target on shares of Flow International Corp in a report on Tuesday, April 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $37.00.
Shares of Flow International Corp (FLOW) opened at 37.36 on Wednesday. The stock’s market cap is $1.58 billion. The firm has a 50-day moving average price of $37.92 and a 200-day moving average price of $35.21. Flow International Corp has a 52 week low of $22.34 and a 52 week high of $40.66.
Flow International Corp (NASDAQ:FLOW) last announced its quarterly earnings data on Wednesday, May 3rd. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by $0.02. The company had revenue of $433.30 million for the quarter, compared to the consensus estimate of $435.57 million. During the same period in the previous year, the company posted $0.02 earnings per share. The company’s quarterly revenue was down 14.2% compared to the same quarter last year. On average, equities analysts anticipate that Flow International Corp will post $0.15 earnings per share for the current year.
A number of hedge funds have recently made changes to their positions in the stock. 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. Rex Capital Advisors LLC acquired a new stake in Flow International Corp during the first quarter worth about $315,000. Finally, Karp Capital Management Corp acquired a new stake in Flow International Corp during the first quarter worth about $2,091,000.
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