News Recap: FMC Technologies, Inc. (NYSE:FTI) , Aehr Test Systems (NASDAQ:AEHR)

On 3/31/2017, Shares of FMC Technologies, Inc. (NYSE:FTI) closed at $32.50 in last trading day. After noting the initial trading entry at $32.52, it reached to a day’s high of $32.89 and moved to a day’s low of $32.45. The recent daily volume was 3.18 million as contrast to it’s an average volume of 5.71 million.

Technical Indicators:

The last close of the FMC Technologies, Inc. stock reflects that it traded up +1.29% from its 50-day moving average of $32.09. The stock traded below -0.66% to its 200-day MA of $32.72. Furthermore, it moved lower -10.07% from its 52-week high of $36.14 and +6.17% up from $30.61, which is 52-week low of the stock.

TechnipFMC plc’s (FTI) moved with shift of 3.83% in the past week. Over the last three months, the shares of the company have changed -8.58% and performed 10.13% over the last six months. The stock currently has Monthly Volatility of 1.89% and Weekly Volatility of 2.25%.

March 27, 2017 TechnipFMC (FTI.PA) (FTI) has been awarded a contract by Shell Offshore Inc., a subsidiary of Royal Dutch Shell PLC (Shell), for the delivery, integration, and installation of the subsea production system (SPS) and subsea riser, jumper and flowline (SURF) equipment for phase one of the Kaikias deep water project in the Gulf of Mexico. This new contract builds on an established, successful relationship between Shell and TechnipFMC.

“TechnipFMC has a proven track record of competitively designing subsea production systems and technologies that directly contribute to improved project economics,” said Hallvard Hasselknipe, President Subsea Projects, TechnipFMC. “We are excited to bring our expertise to Kaikias phase one and provide Shell with cost efficient SPS and SURF solutions that will enable efficient project execution and maximize production from the field.”

 

TechnipFMC collaborated with Shell during the front end planning and design for Kaikias phase one to engineer solutions and efficient execution opportunities designed to improve the overall cost and pace of development. Under the terms of the contract, TechnipFMC will manufacture, install and integrate proprietary SPS and SURF equipment designed to improve project economics by optimizing field production and minimizing lead times.

 

This includes the first application of TechnipFMC’s compact pipeline end manifold and horizontal connection system technologies with flexible jumpers in the deepwater Gulf of Mexico.

 

Kaikias is located in the prolific Mars-Ursa basin approximately 210 kilometers (130 miles) from the Louisiana coast and is estimated to contain more than 100 million barrels of oil equivalent recoverable resources. The field will produce oil and gas through a subsea tie-back to the nearby Shell-operated Ursa production hub.

Aehr Test Systems (NASDAQ:AEHR) finalized the last transaction at value of $4.81, with a daily change of -11.09% or -0.60 points. The company maintained volume of 649.63 thousand shares. In past trading day, the stock hit the maximum price of $5.20 and touched to minimum value of $4.16. It has a market cap of $ 80.19M.

Technical Indicators:

As of last trade close, the stock is trading  downside -11.74% from its one year high of $5.45 and moved +404.72% upward from $0.95, which is one year low of the stock.

The stock traded above +9.01% from its 50-day moving average of $4.41. Furthermore, the stock moved up +52.62% to its 200-day MA of $ 3.15.

During the last month, Aehr Test Systems’s (AEHR) has changed 0.21% and performed 61.41% over the last 6 months. The mean rating score for this stock is at 2.00. This rating scale contains from 1 to 5 with 5 representing a Strong Sell, 1 signifying a Strong Buy and 3 demonstrating a Hold. The Volatility was noted at 8.33% in recent month and observed Weekly Volatility of 10.88%.

 

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