Flowtech Fluidpower (LON:FLO) Stock Price Crosses Below 50-Day Moving Average – Time to Sell?

Flowtech Fluidpower plc (LON:FLO)’s share price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 65.76 and traded as low as GBX 56. Flowtech Fluidpower shares last traded at GBX 58, with a volume of 59,232 shares traded.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 130 target price on shares of Flowtech Fluidpower in a research report on Tuesday, September 9th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of GBX 130.

Flowtech Fluidpower Trading Up 3.6%

The business has a 50 day simple moving average of GBX 65.76 and a 200-day simple moving average of GBX 61.86. The company has a current ratio of 2.91, a quick ratio of 1.04 and a debt-to-equity ratio of 35.90. The stock has a market capitalization of £36.70 million, a price-to-earnings ratio of -1.35 and a beta of 1.04.

Flowtech Fluidpower (LON:FLO) last released its earnings results on Tuesday, September 9th. The company reported GBX (0.23) earnings per share (EPS) for the quarter. Flowtech Fluidpower had a negative net margin of 12.99% and a negative return on equity of 20.67%. On average, equities analysts predict that Flowtech Fluidpower plc will post 14.2535211 earnings per share for the current year.

About Flowtech Fluidpower