Flowtech Fluidpower (LON:FLO) Stock Price Passes Above 50 Day Moving Average – Here’s What Happened

Flowtech Fluidpower plc (LON:FLO)’s stock price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 48.98 and traded as high as GBX 60.40. Flowtech Fluidpower shares last traded at GBX 60.40, with a volume of 72,234 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 100 price target on shares of Flowtech Fluidpower in a report on Tuesday, March 24th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 100.

Flowtech Fluidpower Stock Performance

The business has a 50 day simple moving average of GBX 48.98 and a 200 day simple moving average of GBX 51.11. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 72.79. The company has a market capitalization of £49.19 million, a PE ratio of -11.53 and a beta of 0.56.

Flowtech Fluidpower (LON:FLO) last announced its quarterly earnings data 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 predict that Flowtech Fluidpower plc will post 14.2535211 EPS for the current fiscal year.

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