Flowtech Fluidpower (LON:FLO) Stock Price Passes Below 200 Day Moving Average – What’s Next?

Flowtech Fluidpower plc (LON:FLO) 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 changing hands.

Flowtech Fluidpower Stock Performance

The firm’s fifty day simple moving average is GBX 55.12 and its 200 day simple moving average is GBX 57.87. The company has a market capitalization of £40.75 million, a PE ratio of -1.17 and a beta of 0.35. The company has a debt-to-equity ratio of 63.25, a current ratio of 2.45 and a quick ratio of 1.04.

Insiders Place Their Bets

In related news, insider Ailsa Webb acquired 13,208 shares of the firm’s stock in a transaction dated Monday, February 9th. The stock was acquired at an average price of GBX 53 per share, with a total value of £7,000.24. Also, insider Mike England bought 16,228 shares of the stock in a transaction dated Monday, February 9th. The stock was bought at an average price of GBX 53 per share, for a total transaction of £8,600.84. Over the last quarter, insiders have acquired 412,971 shares of company stock worth $21,887,463. 3.91% of the stock is currently owned by company 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