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BidaskClub downgraded Franklin Electric Co. (NASDAQ:FELE) to Hold in a report released today.

BidaskClub has downgraded Franklin Electric Co. (NASDAQ:FELE) to Hold in a report released on 06/21/2017.

Yesterday Franklin Electric Co. (NASDAQ:FELE) traded 0.76% higher at $38.65. The company’s 50-day moving average is $39.20 and its 200-day moving average is $40.33. The last stock close price is down -1.82% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. 176,176 shares of the stock were exchanged, up from an average trading volume of 142,520

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Franklin Electric Co. (NASDAQ:FELE)

Franklin Electric Co. has a 52 week low of $34.75 and a 52 week high of $46.50 with a P/E ratio of 21.52 The company’s market cap is currently $0.

In addition to BidaskClub reporting its target price, a total of 7 firms have reported on the stock. The consensus target price is $33.57 with 0 firms rating the stock a strong buy, 3 firms rating the stock a buy, 6 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 1 firm rating the stock a sell.

About Franklin Electric Co. (NASDAQ:FELE)

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. It also designs, manufactures and sells motors, pumps, electronic controls and related parts and equipment for use in groundwater, wastewater and fuel transfer applications. Its Fueling Systems is engaged in the production and marketing of fuel pumping systems, fuel containment systems, and monitoring and control systems. It also designs, manufactures and sells pumps, pipe, sumps, fittings, vapor recovery components, electronic controls, monitoring devices and related parts and equipment for use in submersible fueling system applications.

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