Flowtech Fluidpower (LON:FLO) Hits New 1-Year Low – Here’s Why

Flowtech Fluidpower plc (LON:FLO) shares reached a new 52-week low during trading on Friday . The stock traded as low as GBX 64.24 ($0.81) and last traded at GBX 68 ($0.86), with a volume of 87827 shares traded. The stock had previously closed at GBX 65.90 ($0.84).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 130 ($1.65) price target on shares of Flowtech Fluidpower in a research report on Thursday, January 30th.

Flowtech Fluidpower Stock Up 3.2 %

The company has a 50-day moving average of GBX 73.18 and a 200-day moving average of GBX 89.49. The company has a market capitalization of £43.01 million, a price-to-earnings ratio of -2.99 and a beta of 1.04. The company has a current ratio of 2.91, a quick ratio of 1.04 and a debt-to-equity ratio of 35.90.

Flowtech Fluidpower Company Profile

Flowtech Fluidpower is a Group of specialist fluid power businesses. Working in partnership with customers and suppliers, we deliver essential components, custom solutions and high-quality servicing support to keep global industry moving. Our business is separated into two distinct divisions: Components and Services.