Flowtech Fluidpower (LON:FLO) Shares Cross Below 50 Day Moving Average – Here’s What Happened

Flowtech Fluidpower plc (LON:FLO) shares passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 98.67 ($1.28) and traded as low as GBX 87 ($1.13). Flowtech Fluidpower shares last traded at GBX 87.90 ($1.14), with a volume of 60,602 shares trading hands.

Flowtech Fluidpower Price Performance

The stock has a market capitalization of £55.62 million, a PE ratio of -382.17 and a beta of 1.04. 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’s 50-day moving average is GBX 98.67 and its 200 day moving average is GBX 107.65.

Insider Buying and Selling at Flowtech Fluidpower

In related news, insider Roger McDowell purchased 10,000 shares of Flowtech Fluidpower stock in a transaction on Friday, September 27th. The stock was bought at an average price of GBX 90 ($1.17) per share, with a total value of £9,000 ($11,715.70). Corporate insiders own 3.55% of the company’s stock.

Flowtech Fluidpower Company Profile

Flowtech Fluidpower plc, together with its subsidiaries, distributes engineering components and assemblies in the areas of fluid power industry in the United Kingdom, rest of Europe, internationally. The company supplies hydraulic and pneumatic products, as well as delivers specialist engineering solutions, services, and systems through a network of distributors and resellers and a broad range of original equipment manufacturers (OEMs) across all industry sectors.