Flowtech Fluidpower (LON:FLO) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

Flowtech Fluidpower plc (LON:FLO)’s stock price crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 57.04 and traded as low as GBX 57. Flowtech Fluidpower shares last traded at GBX 57, with a volume of 53,138 shares traded.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 100 price target on shares of Flowtech Fluidpower in a report on Tuesday, September 8th. One research analyst has rated the stock with a Buy rating. According to MarketBeat, Flowtech Fluidpower presently has a consensus rating of “Buy” and an average target price of GBX 100.

Flowtech Fluidpower Trading Up 3.6%

The stock has a 50 day simple moving average of GBX 64.62 and a 200-day simple moving average of GBX 57.04. The firm has a market capitalization of £48.09 million, a P/E ratio of -13.73 and a beta of 0.58. The company has a current ratio of 2.25, a quick ratio of 1.04 and a debt-to-equity ratio of 62.00.

Flowtech Fluidpower (LON:FLO) last issued its quarterly earnings data on Tuesday, September 8th. The company reported GBX 0.71 earnings per share for the quarter. Flowtech Fluidpower had a negative net margin of 1.99% and a negative return on equity of 5.87%. On average, equities research analysts forecast that Flowtech Fluidpower plc will post 14.25 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