Franklin Electric (NASDAQ:FELE) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Wednesday.
FELE has been the topic of several other research reports. Zacks Investment Research downgraded Franklin Electric from a “buy” rating to a “hold” rating in a report on Wednesday, January 17th. Boenning Scattergood reiterated a “buy” rating on shares of Franklin Electric in a report on Tuesday, October 24th. Robert W. Baird lifted their price objective on Franklin Electric from $45.00 to $47.00 and gave the stock a “neutral” rating in a report on Wednesday, October 25th. Finally, Seaport Global Securities reiterated a “neutral” rating on shares of Franklin Electric in a report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $50.00.
Franklin Electric (NASDAQ:FELE) remained flat at $$45.30 on Wednesday. The stock had a trading volume of 110,923 shares, compared to its average volume of 113,763. The stock has a market cap of $2,094.52, a PE ratio of 24.35 and a beta of 1.62. The company has a quick ratio of 1.13, a current ratio of 2.35 and a debt-to-equity ratio of 0.18. Franklin Electric has a one year low of $36.00 and a one year high of $47.20.
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Franklin Electric Company Profile
Franklin Electric Co, Inc designs, manufactures and distributes water and fuel pumping systems, consisting of submersible motors, pumps, electronic controls and related parts and equipment. Its segments include Water Systems segment, the Fueling Systems segment and Other. Its Water Systems segment is engaged in the production and marketing of water pumping systems and offers motors, pumps, drives, electronic controls and monitoring devices.
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