Colfax Corporation (CFX) Shares are Up 1.91%

Colfax Corporation (CFX) : Traders are bullish on Colfax Corporation (CFX) as it has outperformed the S&P 500 by a wide margin of 4.16% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.86%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.91% in the last 1 week, and is up 5.24% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 3.84% and the 50-Day Moving Average is 6.69%. Colfax Corporation (NYSE:CFX): On Fridays trading session , Opening price of the stock was $31.14 with an intraday high of $31.14. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $30.13. However, the stock managed to close at $30.34, a loss of 2.85% for the day. On the previous day, the stock had closed at $31.23. The total traded volume of the day was 1,122,153 shares.


The company Insiders own 10.5% of Colfax Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -8.2% . Institutional Investors own 81.93% of Colfax Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -10.34%. Also, Citigroup maintains their rating on the shares of Colfax Corporation (NYSE:CFX). The current rating of the shares is Sell. Equity Analysts at the Firm raises the price target to $26 per share from $25 per share. The rating by the firm was issued on July 29, 2016.

Colfax Corporation is an industrial manufacturing and engineering company. The Company provides gas and fluid-handling, and fabrication technology products and services to commercial and Governmental customers around the world under the Howden, ESAB and Colfax Fluid Handling brand names. The Companys segments include gas and fluid handling, and fabrication technology. The gas and fluid handling segment supplies a range of products, including heavy-duty centrifugal and axial fans, rotary heat exchangers, gas compressors, pumps, fluid-handling systems and controls and specialty valves, which serves customers in the power generation, oil, gas and petrochemical, mining, marine (including defense) and general industrial and other end markets. Fabrication technology segment formulates, develops, manufactures and supplies consumable products and equipment for the cutting and joining of steels, aluminum, and other metals and metal alloys.

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