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

Flowtech Fluidpower plc (LON:FLO) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 71.40 ($0.90) and traded as low as GBX 60 ($0.75). Flowtech Fluidpower shares last traded at GBX 63 ($0.79), with a volume of 267,527 shares.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 130 ($1.64) price objective on shares of Flowtech Fluidpower in a research note on Thursday, January 30th.

Flowtech Fluidpower Stock Up 1.9 %

The firm’s fifty day simple moving average is GBX 71.10 and its 200 day simple moving average is GBX 87.64. The company has a current ratio of 2.91, a quick ratio of 1.04 and a debt-to-equity ratio of 35.90. The company has a market cap of £39.85 million, a price-to-earnings ratio of -2.77 and a beta of 1.04.

About Flowtech Fluidpower

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.