Flotek Industries (NYSE:FTK) Reaches New 52-Week High - What's Next?

Flotek Industries (NYSE:FTK) has hit a new 52-week high of $38.30, closing above its previous high of $35.42. The company reported strong quarterly earnings, beating analyst estimates for both EPS and revenue, and has a "Moderate Buy" consensus rating from analysts, although the average price target is below the current share price. While institutional investors have increased their stakes, the CFO recently sold a portion of his shares.