Flowtech Fluidpower (LON:FLO) Stock Passes Above 50 Day Moving Average – What’s Next?

Shares of Flowtech Fluidpower plc (LON:FLO) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 47.14 and traded as high as GBX 56.60. Flowtech Fluidpower shares last traded at GBX 56.60, with a volume of 45,446 shares.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 100 price target on shares of Flowtech Fluidpower in a research note on Tuesday, March 24th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of GBX 100.

Flowtech Fluidpower Stock Performance

The stock has a market capitalization of £44.15 million, a PE ratio of -10.35 and a beta of 0.56. The business has a 50 day moving average price of GBX 47.66 and a 200 day moving average price of GBX 50.80. 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 (LON:FLO) last announced its quarterly earnings results on Tuesday, March 24th. The company reported GBX (5.24) earnings per share (EPS) for the quarter. Flowtech Fluidpower had a negative net margin of 2.84% and a negative return on equity of 8.17%. As a group, equities research analysts expect that Flowtech Fluidpower plc will post 14.2535211 earnings per share for the current year.

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