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

Flowtech Fluidpower plc (LON:FLO)’s stock price 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 changing hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 100 price objective 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 MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 100.

Flowtech Fluidpower Trading Down 4.3%

The firm has a market capitalization of £53.02 million, a price-to-earnings ratio of -12.43 and a beta of 0.57. 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 company has a 50-day moving average price of GBX 62.33 and a 200-day moving average price of GBX 53.78.

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