Flowtech Fluidpower (LON:FLO) Stock Price Passes Below 50 Day Moving Average – What’s Next?

Flowtech Fluidpower plc (LON:FLO)’s stock price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 55.06 and traded as low as GBX 51.55. Flowtech Fluidpower shares last traded at GBX 51.72, with a volume of 202,423 shares changing hands.

Flowtech Fluidpower Price Performance

The firm has a 50-day moving average of GBX 55.06 and a 200 day moving average of GBX 58.46. The company has a market capitalization of £32.73 million, a PE ratio of -1.21 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.

Insider Activity

In related news, insider Ailsa Webb acquired 13,208 shares of the firm’s stock in a transaction dated Monday, February 9th. The stock was purchased at an average cost of GBX 53 per share, with a total value of £7,000.24. Also, insider Mike England acquired 16,228 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were bought at an average price of GBX 53 per share, for a total transaction of £8,600.84. Over the last 90 days, insiders have bought 412,971 shares of company stock worth $21,887,463. 4.38% of the stock is owned by corporate insiders.

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