Forum Energy Technologies Hits New 52-Week High of $28.23
Forum Energy Technologies, Inc. has achieved a new 52-week high, reflecting strong performance in the oil industry despite its microcap status. The company reported significant stock price growth and a remarkable increase in net profit, alongside solid financial metrics, underscoring its operational efficiency and favorable valuation.
Forum Energy Technologies, Inc. has reached a significant milestone by hitting a new 52-week high of USD 28.23 on September 23, 2025. This achievement underscores the company's robust performance in the oil industry, particularly notable given its microcap status with a market capitalization of USD 322 million.Over the past year, Forum Energy Technologies has demonstrated impressive growth, with a remarkable 56.95% increase in stock price, significantly outpacing the S&P 500's performance of 17.38%. The company has reported a substantial net profit growth of 586.27% in its latest financial results, reflecting strong operational efficiency and effective management strategies.
Key financial metrics further highlight the company's solid position. The operating cash flow reached a peak of USD 89.22 million, while the interest coverage ratio stood at an impressive 366.49. Additionally, the return on equity is recorded at 3.81%, and the price-to-book ratio is 0.96, indicating a favorable valuation relative to its assets.
With a 52-week low of USD 12.78, the stock's upward trajectory emphasizes its resilience and potential within the competitive oil sector.
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