Flowtech Fluidpower (LON:FLO) Hits New 52-Week Low – Time to Sell?

Flowtech Fluidpower plc (LON:FLO) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 56 ($0.73) and last traded at GBX 58.80 ($0.76), with a volume of 216148 shares trading hands. The stock had previously closed at GBX 58.40 ($0.76).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 130 ($1.69) price target on shares of Flowtech Fluidpower in a report on Thursday, January 30th.

Flowtech Fluidpower Stock Up 0.7 %

The stock has a market capitalization of £37.19 million, a price-to-earnings ratio of -2.59 and a beta of 1.04. The firm’s 50 day simple moving average is GBX 67.89 and its 200-day simple moving average is GBX 84.30. The company has a current ratio of 2.91, a quick ratio of 1.04 and a debt-to-equity ratio of 35.90.

About Flowtech Fluidpower

Flowtech Fluidpower is a Group of specialist fluid power businesses. Working in partnership with customers and suppliers, we deliver essential components, custom solutions and high-quality servicing support to keep global industry moving. Our business is separated into two distinct divisions: Components and Services.