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Franklin Electric Co., Inc. (FELE) Reaches $41.10 After 8.00% Down Move; Magyar Bancorp Has 0.67 Sentiment

The stock of Franklin Electric Co., Inc. (NASDAQ:FELE) is a huge mover today! The stock decreased 7.54% or $3.35 during the last trading session, reaching $41.1. About 66,084 shares traded. Franklin Electric Co., Inc. (NASDAQ:FELE) has risen 19.42% since February 20, 2017 and is uptrending. It has outperformed by 2.72% the S&P500.The move comes after 8 months negative chart setup for the $1.92B company. It was reported on Feb, 20 by We have $37.81 PT which if reached, will make NASDAQ:FELE worth $153.20M less.

Magyar Bancorp, Inc. operates as the bank holding firm for Magyar Bank that provides various banking services and products for families and businesses in Central New Jersey. The company has market cap of $72.34 million. The Company’s product portfolio includes various deposit products, such as demand, NOW, money market, savings, and retirement accounts, as well as certificates of deposit; and loan products comprising one-to four-family residential mortgage loans, multi-family and commercial real estate mortgage loans, home equity loans and lines of credit, commercial business loans, small business administration loans, and construction loans, as well as consumer loans, which primarily include secured demand loans. It has a 51.78 P/E ratio. The firm also provides non-deposit investment products and financial planning services, including insurance products, fixed and variable annuities, and retirement planning for individual and commercial customers; and investment securities.

It closed at $12.4272 lastly. It is down 50.55% since February 20, 2017 and is uptrending. It has outperformed by 33.85% the S&P500.

Pl Capital Advisors Llc holds 1.7% of its portfolio in Magyar Bancorp, Inc. for 539,833 shares. Blackrock Inc. owns 1,052 shares or 0% of their US portfolio. Moreover, Dimensional Fund Advisors Lp has 0% invested in the company for 92,020 shares. The New York-based First Manhattan Co has invested 0% in the stock. Morgan Stanley, a New York-based fund reported 500 shares.

Since January 1, 0001, it had 1 insider buy, and 0 selling transactions for $2,580 activity.

Franklin Electric Co., Inc., together with its subsidiaries, designs, makes, and distributes water and fuel pumping systems worldwide. The company has market cap of $1.92 billion. It operates in two divisions, Water Systems and Fueling Systems. It has a 22.2 P/E ratio. The Water Systems segment offers motors, pumps, electronic controls, and related parts and equipment.

Since October 26, 2017, it had 0 buys, and 1 insider sale for $213,930 activity. On Thursday, October 26 the insider Kenney Donald P sold $213,930.

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