Flowserve Corporation finishes the day on the 200-day moving average

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Flowserve Corp ($NYSE:FLS)oration is a global leader in advanced flow management services. They design, manufacture and service a comprehensive line of flow management products around the world. On October 19, 2022, Flowserve Corporation started the day with a price decrease of -1.00% at $25.64, and finished the day at $31.19, right on the 200-day simple moving average.

Price History

On Friday, Flowserve Corporation stock opened at $25.5 and closed at $26.3, up by 3.5% from the previous day’s closing price of $25.4. The company’s stock price has been on an upward trend in recent months, and is currently trading above its 200-day moving average. This indicates that the stock is in a strong uptrend and is likely to continue to rise in the near future.

VI Analysis

A company’s fundamentals reflect its long-term potential. The VI app makes it easy to analyze a company’s financials, allowing you to quickly see where it is strong and weak. According to the VI Star Chart, FLOWSERVE CORP is strong in cash flow, asset management, and dividend payouts, while it is weak in growth.

However, despite its weak growth potential, the company has a high health score of 7 out of 10, indicating that it is financially sound and capable of sustaining future operations in times of crisis. FLOWSERVE CORP is classified as a “cow”, a type of company that has a track record of paying out consistent and sustainable dividends. This makes it an attractive investment for income-seeking investors who are looking for a company that they can rely on to provide a steady stream of income.

VI Peers

Its competitors include ITT Inc, Shanghai Zhenhua Heavy Industries Co Ltd, Sintokogio Ltd.

– ITT Inc ($NYSE:ITT)

3M’s market cap as of 2022 is 5.86B. The company has a return on equity of 12.81%. 3M is a diversified technology company that operates in a variety of industries, including healthcare, industrial, and consumer markets. The company’s products include adhesives, abrasives, laminates, and electro- and optical materials.

– Shanghai Zhenhua Heavy Industries Co Ltd ($SHSE:600320)

Shanghai Zhenhua Heavy Industries Co Ltd is a heavy industries company with a market cap of 14.22B as of 2022. The company has a return on equity of 7.11%. The company manufactures a range of products including cranes, construction machinery, and railway equipment. Shanghai Zhenhua Heavy Industries Co Ltd is a publicly traded company listed on the Shanghai Stock Exchange.

– Sintokogio Ltd ($TSE:6339)

Sintokogio Ltd is a Japanese company that manufactures automotive parts. As of 2022, the company has a market capitalization of 35.83 billion dollars and a return on equity of 2.76%. The company’s products include engine parts, suspension parts, and body parts.

Summary

Investing in Flowserve Corporation may be a good idea for investors looking for exposure to the industrial sector. The company is a leading provider of flow control products and services for the global infrastructure markets, and its products are used in a variety of critical applications. Given its strong market position and diverse product portfolio, Flowserve looks like a company that could benefit from continued global economic growth. Of course, there are risks associated with any investment, and Flowserve is no exception.

The company is facing headwinds from slowing growth in the oil and gas industry, and its stock price has been volatile in recent years. Nonetheless, Flowserve appears to be a well-positioned company that could generate healthy returns for investors over the long term.