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

Flowtech Fluidpower plc (LON:FLO) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 56.57 and traded as high as GBX 60.81. Flowtech Fluidpower shares last traded at GBX 60.81, with a volume of 77,955 shares trading hands.

Flowtech Fluidpower Price Performance

The firm has a market capitalization of £49.52 million, a P/E ratio of -11.60 and a beta of 0.56. The stock’s fifty day simple moving average is GBX 56.57 and its 200 day simple moving average is GBX 52.71. The company has a debt-to-equity ratio of 72.79, a current ratio of 2.11 and a quick ratio of 1.04.

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