Flowtech Fluidpower (LON:FLO) Stock Price Passes Above 50 Day Moving Average – Here’s What Happened

Flowtech Fluidpower plc (LON:FLOGet Free Report)’s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 59.71 and traded as high as GBX 65. Flowtech Fluidpower shares last traded at GBX 63, with a volume of 78,108 shares.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 100 price target on shares of Flowtech Fluidpower in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of GBX 100.

View Our Latest Research Report on Flowtech Fluidpower

Flowtech Fluidpower Stock Up 1.4%

The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 72.79. The firm’s 50 day simple moving average is GBX 59.71 and its 200-day simple moving average is GBX 52.97. The stock has a market capitalization of £52.00 million, a price-to-earnings ratio of -12.19 and a beta of 0.56.

Flowtech Fluidpower Company Profile

(Get Free Report)

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

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