Flowtech Fluidpower (LON:FLO) Stock Price Up 4.2% – Here’s What Happened

Flowtech Fluidpower plc (LON:FLO) was up 4.2% on Friday . The company traded as high as GBX 60 and last traded at GBX 60. Approximately 25,575 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 117,917 shares. The stock had previously closed at GBX 57.60.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 130 target price on shares of Flowtech Fluidpower in a research note on Tuesday, September 9th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of GBX 130.

Flowtech Fluidpower Stock Up 4.2%

The company has a quick ratio of 1.04, a current ratio of 2.91 and a debt-to-equity ratio of 35.90. The company has a market capitalization of £37.97 million, a PE ratio of -1.40 and a beta of 1.04. The company’s 50 day moving average is GBX 53.05 and its two-hundred day moving average is GBX 60.06.

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