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

Flowtech Fluidpower plc (LON:FLO) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 60.10 and traded as low as GBX 48. Flowtech Fluidpower shares last traded at GBX 48, with a volume of 126,694 shares traded.

Analyst Ratings Changes

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

Flowtech Fluidpower Stock Down 1.6%

The company has a market cap of £30.37 million, a P/E ratio of -1.12 and a beta of 1.04. The stock has a 50-day moving average of GBX 60.10 and a 200 day moving average of GBX 61.12. The company has a debt-to-equity ratio of 35.90, a current ratio of 2.91 and a quick ratio of 1.04.

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

About Flowtech Fluidpower