Flowtech Fluidpower (LON:FLO) Share Price Passes Above Fifty Day Moving Average – What’s Next?

Shares of Flowtech Fluidpower plc (LON:FLO) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 47.14 and traded as high as GBX 56.60. Flowtech Fluidpower shares last traded at GBX 56.60, with a volume of 45,446 shares traded.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 100 price objective on shares of Flowtech Fluidpower in a research report on Tuesday, March 24th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Flowtech Fluidpower currently has an average rating of “Buy” and a consensus price target of GBX 100.

Flowtech Fluidpower Price Performance

The stock has a market capitalization of £46.09 million, a price-to-earnings ratio of -10.80 and a beta of 0.56. The company has a fifty day simple moving average of GBX 47.14 and a 200 day simple moving average of GBX 50.73. The company has a debt-to-equity ratio of 72.79, a quick ratio of 1.04 and a current ratio of 2.11.

Flowtech Fluidpower (LON:FLO) last announced its earnings results on Tuesday, March 24th. The company reported GBX (5.24) EPS for the quarter. Flowtech Fluidpower had a negative return on equity of 8.17% and a negative net margin of 2.84%. Equities research analysts forecast that Flowtech Fluidpower plc will post 14.2535211 EPS for the current fiscal year.

Flowtech Fluidpower Company Profile

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