It is currently trading at $7.01 which is significantly above the 50 day moving average which is $6.11 and significantly higher than the 200 day moving average of $6.31. The 50 day moving average went up by +14.78% and the 200 day average went up by +11.10%. Trading volume for AMEC Foster Wheeler plc America was 11K on Friday. Trading volume was down 98.40% under the stocks average daily volume.
Traders are a little more bearish on AMEC Foster Wheeler plc America of late if you evaluate the increase in short interest. The stock recorded a rise in short interest from September 15, 2017 to September 29, 2017 of 45.96%. Short interest increased 10,121 over that period. Days to cover decreased from 1.0 to 1.0 and the percentage of shorted shares was 0.00% on September 29.
A few notable investment firms have updated their holdings. As of quarter end Envestnet Asset Management Inc had disposed of 35,371 shares trimming its stake by 12.2%. The value of the investment in AMFW went from $1,908,000 to $1,530,000 a change of $378,000 for the reporting period. Ubs Group Ag downsized its stake by shedding 1,816 shares a decrease of 56.3% as of 06/30/2017. Ubs Group Ag owns 1,408 shares with a value of $8,000. The total value of its holdings decreased 61.9%.
Jane Street Group, LLC cut its holdings by selling 263,890 shares a decrease of 65.5% from 03/31/2017 to 06/30/2017. Jane Street Group, LLC now holds 138,880 shares valued at $836,000. The value of the position overall is down by 68.5%. Cutler Group LP augmented its investment by buying 200 shares an increase of 22.2%. Cutler Group LP now controls 1,100 shares worth $2,000. The total value of its holdings increased inf%.
Amec Foster Wheeler plc provides consultancy, engineering, and project management services to the oil and gas, mining, clean energy, and environment and infrastructure markets worldwide. The company offers engineering, procurement, and construction solutions on wind, solar, biomass, and biofuel projects, as well as designs and supplies combustion and steam generation equipment. It also provides mining consultancy services, including ore resource estimation, and mine planning and feasibility studies; and design, project, and construction management services. In addition, the company offers consulting, engineering, and project management services in the areas of water, transportation and infrastructure, government services, and industrial sectors. It serves oil companies, chemical companies, utility companies, and government bodies. The company was formerly known as AMEC plc and changed its name to Amec Foster Wheeler plc. Amec Foster Wheeler plc was founded in 1848 and is headquartered in London, the United Kingdom..