Flowtech Fluidpower (LON:FLO) Share Price Crosses Below 200 Day Moving Average – What’s Next?

Flowtech Fluidpower plc (LON:FLO) passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 57.04 and traded as low as GBX 57. Flowtech Fluidpower shares last traded at GBX 57, with a volume of 53,138 shares traded.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 100 price objective on shares of Flowtech Fluidpower in a research report on Tuesday, September 8th. One investment analyst has rated the stock with a Buy rating. According to MarketBeat.com, Flowtech Fluidpower currently has a consensus rating of “Buy” and a consensus target price of GBX 100.

Flowtech Fluidpower Trading Up 3.6%

The stock has a market capitalization of £48.09 million, a PE ratio of -13.73 and a beta of 0.58. The stock’s 50 day moving average price is GBX 64.62 and its 200-day moving average price is GBX 57.04. The company has a quick ratio of 1.04, a current ratio of 2.25 and a debt-to-equity ratio of 62.00.

Flowtech Fluidpower (LON:FLO) last released its earnings results on Tuesday, September 8th. The company reported GBX 0.71 earnings per share for the quarter. Flowtech Fluidpower had a negative net margin of 1.99% and a negative return on equity of 5.87%. On average, sell-side analysts expect that Flowtech Fluidpower plc will post 14.25 earnings per share for the current fiscal 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