Flowtech Fluidpower (LON:FLO) Share Price Passes Above Fifty Day Moving Average – Here’s Why

Shares of Flowtech Fluidpower plc (LON:FLO) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 61.16 and traded as high as GBX 67.09. Flowtech Fluidpower shares last traded at GBX 67, with a volume of 82,023 shares.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 100 price objective on shares of Flowtech Fluidpower in a report on Tuesday, July 28th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of GBX 100.

Flowtech Fluidpower Trading Down 1.5%

The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 72.79. The stock’s 50 day moving average is GBX 61.32 and its two-hundred day moving average is GBX 53.38. The company has a market capitalization of £52.12 million, a PE ratio of -12.21 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