Flowtech Fluidpower (LON:FLO) Stock Price Crosses Below 50 Day Moving Average – Here’s Why

Flowtech Fluidpower plc (LON:FLO) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 73.18 ($0.93) and traded as low as GBX 66.49 ($0.84). Flowtech Fluidpower shares last traded at GBX 66.80 ($0.85), with a volume of 154,051 shares changing hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 130 ($1.65) price target on shares of Flowtech Fluidpower in a report on Thursday, January 30th.

Flowtech Fluidpower Stock Performance

The company has a debt-to-equity ratio of 35.90, a current ratio of 2.91 and a quick ratio of 1.04. The company has a market cap of £41.40 million, a PE ratio of -2.88 and a beta of 1.04. The business has a fifty day simple moving average of GBX 73.18 and a two-hundred day simple moving average of GBX 89.49.

About Flowtech Fluidpower

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.