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

Flowtech Fluidpower plc (LON:FLO) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 47.14 and traded as high as GBX 56.60. Flowtech Fluidpower shares last traded at GBX 56.60, with a volume of 45,446 shares traded.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 100 price objective on shares of Flowtech Fluidpower in a research note on Tuesday, March 24th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of GBX 100.

Flowtech Fluidpower Price Performance

The company has a market capitalization of £46.09 million, a price-to-earnings ratio of -10.80 and a beta of 0.56. The company has a debt-to-equity ratio of 72.79, a quick ratio of 1.04 and a current ratio of 2.11. The business has a 50 day moving average price of GBX 47.14 and a 200-day moving average price of GBX 50.73.

Flowtech Fluidpower (LON:FLO) last announced its quarterly earnings data on Tuesday, March 24th. The company reported GBX (5.24) earnings per share (EPS) for the quarter. Flowtech Fluidpower had a negative net margin of 2.84% and a negative return on equity of 8.17%. Research analysts predict that Flowtech Fluidpower plc will post 14.2535211 EPS for the current fiscal year.

About Flowtech Fluidpower

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