Flowtech Fluidpower (LON:FLO) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Flowtech Fluidpower plc (LON:FLO) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 57.87 and traded as low as GBX 49.35. Flowtech Fluidpower shares last traded at GBX 50.04, with a volume of 17,892 shares trading hands.

Flowtech Fluidpower Price Performance

The stock has a market cap of £40.75 million, a PE ratio of -1.17 and a beta of 0.35. The company has a 50-day simple moving average of GBX 55.12 and a 200-day simple moving average of GBX 57.89. The company has a debt-to-equity ratio of 63.25, a current ratio of 2.45 and a quick ratio of 1.04.

Insider Buying and Selling

In other news, insider James Brooke purchased 64,408 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were acquired at an average price of GBX 53 per share, for a total transaction of £34,136.24. Also, insider Roger McDowell acquired 303,794 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The stock was purchased at an average cost of GBX 53 per share, with a total value of £161,010.82. Insiders bought a total of 412,971 shares of company stock valued at $21,887,463 in the last 90 days. 3.91% of the stock is owned by corporate insiders.

Flowtech Fluidpower Company Profile

Flowtech are the leading specialist Hydraulics, Pneumatics and Process engineering solutions provider across the UK, Ireland and the Benelux. We’ve built a strong brand reputation based on engineering excellence, with the ability to supply superior products, a suite of engineering services, and play a vital role in the delivery of major engineering projects from a range of key industries.

https://www.flowtech.co.uk