It is trading at $43.76 barely above the 50 day moving average of $40.50 and which is quite a bit higher than the 200 day moving average of $37.81. The 50 day moving average was up $3.26 or +8.04% whereas the 200 day average was up by +15.73%. Trading was heavy with 984K shares changing hands on Tuesday. Shares saw a steep increase in trading volume of 17.54% over the normal average daily volume.
Investors are a little more bearish on FLIR Systems, Inc. of late as indicated by the uptick in short interest. The stock recorded a rise in short interest between September 15, 2017 and September 29, 2017 of 68.68%. Short interest increased from 1,458,251 to 2,459,826 over that period. The days to cover decreased to 2.0 and the percentage of shorted shares was 0.02% on September 29.
Here are a few substantial investment firms who have updated their positions. As of quarter end Fenimore Asset Management Inc had acquired 5,325 shares growing its stake by 0.5%. The value in dollars went from $39,294,000 to $44,319,000 a change of 12.8% quarter to quarter. As of the end of the quarter Farmers & Merchants Investments Inc had bought a total of 32 shares growing its position 123.1%. The value of the company’s investment in FLIR Systems, Inc. increased from $1,000 to $2,000 a change of $1,000 quarter over quarter.
As of the end of the quarter Shell Asset Management CO had sold a total of 430 shares trimming its holdings by 4.9%. The value of the investment in (FLIR) increased from $307,000 to $328,000 increasing 6.8% since the last quarter. State Treasurer State Of Michigan cut its holdings by selling 3,200 shares a decrease of 7.1% as of 09/30/2017. State Treasurer State Of Michigan owns 41,585 shares with a value of $1,618,000. The total value of its holdings increased 4.3%.
FLIR Systems, Inc. currently has a P/E ratio of 28.21 and market cap is 6.00B. As of the last earnings report the EPS was $1.55 and is projected to be $1.85 for the current year with 137,195,000 shares outstanding. Next quarter’s EPS is estimated at $0.59 and the next full year EPS is projected to be $2.02.
FLIR Systems, Inc. (FLIR), launched on March 8, 1978, designs, develops, markets and distributes thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems and threat-detection solutions. The Business’s segments include Surveillance, Instruments, Security, OEM & Emerging Markets, Maritime and Detection. Its Surveillance segment provides enhanced imaging and recognition solutions under its commercially developed, military qualified (CDMQ) model to a range of military, law enforcement, public safety and other government customers. Its Instruments segment provides devices that image, measure and assess thermal energy, gases and other environmental elements for industrial, commercial, and scientific applications under the FLIR and Extech brands. Its Security segment develops and manufactures a range of cameras and video recording systems for use in commercial, critical infrastructure, and home monitoring applications. Its OEM & Emerging Markets segment provides thermal imaging camera cores and components that are utilized by third parties to create thermal and other types of imaging systems. Its Maritime segment develops and manufactures electronics and imaging instruments for the recreational and commercial maritime market under the FLIR and Raymarine brands. The Detection segment offers sensors, instruments and integrated platform solutions for the detection, identification, and suppression of chemical, biological, radiological, nuclear and explosives (CBRNE) threats..