Flowtech Fluidpower (LON:FLO) Sets New 52-Week Low – Time to Sell?

Flowtech Fluidpower plc (LON:FLO) shares hit a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 64.24 ($0.81) and last traded at GBX 68 ($0.86), with a volume of 87827 shares changing hands. The stock had previously closed at GBX 65.90 ($0.83).

Wall Street Analyst Weigh In

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 Performance

The firm has a 50 day moving average of GBX 72.90 and a two-hundred day moving average of GBX 89.20. The stock has a market cap of £43.01 million, a PE ratio of -2.99 and a beta of 1.04. The company has a debt-to-equity ratio of 35.90, a current ratio of 2.91 and a quick ratio 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.