Flowtech Fluidpower (LON:FLO) Stock Passes Above 50-Day Moving Average – Should You Sell?

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 51.49 and traded as high as GBX 60.89. Flowtech Fluidpower shares last traded at GBX 57, with a volume of 87,346 shares.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 100 price objective on shares of Flowtech Fluidpower in a report on Tuesday, March 24th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of GBX 100.

Flowtech Fluidpower Price Performance

The firm has a market capitalization of £46.42 million, a PE ratio of -10.88 and a beta of 0.56. The company has a debt-to-equity ratio of 72.79, a quick ratio of 1.04 and a current ratio of 2.11. The business’s 50 day moving average price is GBX 51.49 and its 200-day moving average price is GBX 51.90.

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