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The American Foundry Society, North America’s largest metalcasting association, today recognized 19 new Corporate Members. They bring AFS to its highest corporate membership count in more than 15 years.
Right now,
Flowserve Inc. (NYSE:FLS) share price is at $37.19, after a 5.90% drop. Over the past month, the stock spiked by 1.56%, but over the past year, it actually fell by 7.97%. With questionable short-term performance like this, and great long-term performance, long-term shareholders might want to start looking into the company s price-to-earnings ratio.
The stock is currently higher from its 52 week low by 95.94%. Assuming that all other factors are held constant, this could present itself as an opportunity for investors trying to diversify their portfolio with Machinery stocks, and capitalize on the lower share price observed over the year.
The P/E ratio measures the current share price to the company s EPS. It is used by long-term investors to analyze the company s current performance against its past earnings, historical data and aggregate market data for the industry or the indices, such as S&P 500. A higher P/E indicates that investors expect the company to perform bet