Flowtech Fluidpower (LON:FLO) Share Price Passes Below Fifty Day Moving Average – What’s Next?

Flowtech Fluidpower plc (LON:FLOGet Free Report) shares crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 76.38 ($0.95) and traded as low as GBX 68.94 ($0.86). Flowtech Fluidpower shares last traded at GBX 68.94 ($0.86), with a volume of 4,252,022 shares traded.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 130 ($1.61) target price on shares of Flowtech Fluidpower in a research note on Thursday, January 30th.

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Flowtech Fluidpower Stock Performance

The company has a market cap of £43.98 million, a P/E ratio of -302.17 and a beta of 1.04. The company has a 50 day moving average price of GBX 76.06 and a 200-day moving average price of GBX 92.80. The company has a quick ratio of 1.04, a current ratio of 2.91 and a debt-to-equity ratio of 35.90.

Flowtech Fluidpower Company Profile

(Get Free Report)

Flowtech Fluidpower is a Group of specialist fluid power businesses. Working in partnership with customers and suppliers, we deliver essential components, custom solutions and high-quality servicing support to keep global industry moving. Our business is separated into two distinct divisions: Components and Services.

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