Colfax Corporation (CFX) has risen sharply, recording gains of 6.06% in the past 4 weeks. However, the stock has corrected -1.08% in the past 1 week, providing a good buying opportunity on dips. Colfax Corporation (CFX) : During the past 4 weeks, traders have been relatively bearish on Colfax Corporation (CFX), hence the stock is down -0.65% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.68% relative to the S&P 500.
Colfax Corporation (NYSE:CFX): The stock opened at $28.70 on Friday but the bulls could not build on the opening and the stock topped out at $28.83 for the day. The stock traded down to $28.14 during the day, due to lack of any buying support eventually closed down at $28.52 with a loss of -1.04% for the day. The stock had closed at $28.82 on the previous day. The total traded volume was 1,121,924 shares.
The stock has recorded a 20-day Moving Average of 3.64% and the 50-Day Moving Average is 3.89%. Colfax Corporation has dropped 12.17% during the last 3-month period . Year-to-Date the stock performance stands at 22.14%.
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.