Flotek Industries, Inc. is an AMEX listed security that has been trading in a range between $6.78 and $33.50 over the past year. With 18,163,310 shares outstanding, a recent price of $32.10 gives a total market capitalization of $571,780,990. While there are certainly larger companies, Flotek Industries, Inc. has definitely earned its place in the pack. Last year, Flotek Industries, Inc. created $0.71 in earnings for every share outstanding.
Flotek Industries, Inc. is currently priced by the market at 44.20 times last year’s earnings. Many trading multiples around the world are quite attractive these days, but don’t be fooled. A Price to Earnings ratio of 0 simply means that the security didn’t make any money last year.
With a share price under $50 a share and earnings per share below $1 a share, Flotek Industries, Inc. could be an interesting value proposition.
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