Flowtech Fluidpower (LON:FLO) Stock Crosses Below 50 Day Moving Average – Should You Sell?

Shares of Flowtech Fluidpower plc (LON:FLOGet Free Report) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 76.38 ($0.95) and traded as low as GBX 68.94 ($0.86). Flowtech Fluidpower shares last traded at GBX 68.94 ($0.86), with a volume of 4,252,022 shares traded.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 130 ($1.62) price objective on shares of Flowtech Fluidpower in a research report on Thursday, January 30th.

Get Our Latest Stock Report on FLO

Flowtech Fluidpower Stock Performance

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 company’s 50-day moving average is GBX 76.38 and its two-hundred day moving average is GBX 92.96. The company has a market capitalization of £43.35 million, a P/E ratio of -297.88 and a beta of 1.04.

About Flowtech Fluidpower

(Get Free Report)

Flowtech Fluidpower is a Group of specialist fluid power businesses. Working in partnership with customers and suppliers, we deliver essential components, custom solutions and high-quality servicing support to keep global industry moving. Our business is separated into two distinct divisions: Components and Services.

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