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

Yesterday Franklin Electric Co. (NASDAQ:FELE) traded 0.51% higher at $39.50. The company’s 50-day moving average is $38.94 and its 200-day moving average is $35.46. The last closing price is up 11.96% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 53,754 shares of the stock were exchanged, down from an average trading volume of 146,871

Zacks Investment Research has downgraded Franklin Electric Co. (NASDAQ:FELE) to Hold in a report released on Wednesday October 12, 2016.

Previously on 10/10/2016, Zacks Investment Research reported on Franklin Electric Co. (NASDAQ:FELE) raised the target price from $0.00 to $45.00. At the time, this indicated a possible upside of 0.12%.

See Chart Below

Franklin Electric Co. (NASDAQ:FELE)

Franklin Electric Co. has a 52 week low of $23.75 and a 52 week high of $41.13 with a P/E ratio of 25.78 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its target price, a total of 7 brokers have issued a report on the stock. The consensus target price is $33.57 with 0 brokers rating the stock a strong buy, 3 brokers rating the stock a buy, 6 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 1 broker rating the stock a sell.

General Information About Franklin Electric Co. (NASDAQ:FELE)

Franklin Electric Co., Inc., together with its subsidiaries, is engaged in designing, manufacturing and distributing water and fuel pumping systems, composed of submersible motors, pumps, electronic controls, and related parts and equipment. The Company's segments include the Water Systems segment and the Fueling Systems segment. The Company's Water Systems and Fueling Systems products and related equipment are sold to specialty distributors and some original equipment manufacturers (OEMs), as well as industrial and petroleum equipment distributors, and oil and utility companies. The Company's Water Systems segment produces and markets water pumping systems. It is also engaged in submersible motors, pumps, drives, electronic controls and monitoring devices. The Company's Fueling Systems segment is engaged in the production and marketing of fuel pumping systems, fuel containment systems, and monitoring and control systems.

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