Flowtech Fluidpower (LON:FLO) Stock Price Up 4.2% – Here’s What Happened

Flowtech Fluidpower plc (LON:FLO)’s stock price rose 4.2% during trading on Friday . The stock traded as high as GBX 60 and last traded at GBX 60. Approximately 25,575 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 117,917 shares. The stock had previously closed at GBX 57.60.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 130 target price on shares of Flowtech Fluidpower in a research report on Tuesday, September 9th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Flowtech Fluidpower currently has a consensus rating of “Buy” and a consensus target price of GBX 130.

Flowtech Fluidpower Trading Up 4.2%

The stock’s 50 day moving average price is GBX 53.05 and its 200-day moving average price is GBX 60.06. The company has a quick ratio of 1.04, a current ratio of 2.91 and a debt-to-equity ratio of 35.90. The stock has a market capitalization of £37.97 million, a PE ratio of -1.40 and a beta of 1.04.

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