Flowtech Fluidpower (LON:FLO) Shares Pass Above 50 Day Moving Average – What’s Next?

Shares of Flowtech Fluidpower plc (LON:FLO) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 62.33 and traded as high as GBX 68. Flowtech Fluidpower shares last traded at GBX 65.11, with a volume of 141,499 shares trading hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 100 target price on shares of Flowtech Fluidpower in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of GBX 100.

Flowtech Fluidpower Trading Down 4.3%

The company has a debt-to-equity ratio of 72.79, a current ratio of 2.11 and a quick ratio of 1.04. The business’s fifty day simple moving average is GBX 62.33 and its 200 day simple moving average is GBX 53.78. The stock has a market cap of £53.02 million, a price-to-earnings ratio of -12.43 and a beta of 0.57.

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