FTD Companies (NASDAQ:FTD) Shares Cross Above 200-Day Moving Average of $0.00

FTD Companies Inc (NASDAQ:FTD)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.00 and traded as high as $0.04. FTD Companies shares last traded at $0.03, with a volume of 333,910 shares trading hands.

A number of research analysts recently issued reports on the company. DA Davidson reiterated a “neutral” rating on shares of FTD Companies in a report on Friday, March 15th. Craig Hallum decreased their target price on FTD Companies from $3.00 to $1.50 and set a “hold” rating for the company in a report on Friday, March 15th. Zacks Investment Research upgraded FTD Companies from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 15th. Finally, ValuEngine upgraded FTD Companies from a “hold” rating to a “buy” rating in a report on Monday, April 1st.

The firm has a market cap of $991,000.00, a P/E ratio of -0.02 and a beta of 1.40. The stock’s 50 day simple moving average is $0.47.

A number of institutional investors have recently bought and sold shares of FTD. Bank of Montreal Can purchased a new position in FTD Companies in the first quarter worth about $43,000. Norges Bank bought a new position in shares of FTD Companies in the fourth quarter worth about $402,000. Raging Capital Management LLC bought a new position in shares of FTD Companies in the fourth quarter worth about $1,747,000. D. E. Shaw & Co. Inc. raised its stake in shares of FTD Companies by 27.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 203,052 shares of the company’s stock worth $300,000 after buying an additional 43,378 shares during the period. Finally, Two Sigma Advisers LP raised its stake in shares of FTD Companies by 4.8% in the fourth quarter. Two Sigma Advisers LP now owns 179,428 shares of the company’s stock worth $266,000 after buying an additional 8,228 shares during the period. Institutional investors own 40.18% of the company’s stock.

FTD Companies Company Profile (NASDAQ:FTD)

FTD Companies, Inc, together with its subsidiaries, operates as a floral and gifting company primarily in the United States, Canada, the United Kingdom, and the Republic of Ireland. It operates through three segments: U.S. Consumer, Florist, and International. The company offers floral, specialty foods, gift, and related products and services to consumers, retail florists, and other retail locations and companies.

Featured Article: What is a Swap?

Receive News & Ratings for FTD Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FTD Companies and related companies with MarketBeat.com's FREE daily email newsletter.