Flowtech Fluidpower (LON:FLO) Hits New 1-Year Low – Here’s Why

Flowtech Fluidpower plc (LON:FLO) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 66.24 ($0.82) and last traded at GBX 67.48 ($0.84), with a volume of 173356 shares trading hands. The stock had previously closed at GBX 68.30 ($0.85).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 130 ($1.62) price target on shares of Flowtech Fluidpower in a research report on Thursday, January 30th.

Flowtech Fluidpower Trading Down 1.2 %

The company has a quick ratio of 1.04, a current ratio of 2.91 and a debt-to-equity ratio of 35.90. The company has a market capitalization of £42.68 million, a PE ratio of -2.97 and a beta of 1.04. The stock’s fifty day moving average price is GBX 75.20 and its two-hundred day moving average price is GBX 91.39.

Flowtech Fluidpower Company Profile

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.