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Why Forum Energy Technologies Stock Blasted Nearly 22% Higher on Friday
['Eric Volkman', 'The Motley Fool', 'August', 'Min Read']
Yahoo Finance
This was Forum Energy Technologies (NYSE: FET), which published its latest set of earnings after market close Thursday.
Market players clearly liked what they saw, as they eagerly bought shares of the company, pushing the stock up almost 22% that day.
In fact, as an equipment supplier rather than, say, an upstream oil company, the prospects for its stock to keep rising might be better.
Should you buy stock in Forum Energy Technologies right now?
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