Flowtech Fluidpower (LON:FLO) Stock Price Crosses Above 50-Day Moving Average – What’s Next?

Flowtech Fluidpower plc (LON:FLO) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 48.98 and traded as high as GBX 60.40. Flowtech Fluidpower shares last traded at GBX 60.40, with a volume of 72,234 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 100 target price on shares of Flowtech Fluidpower in a research note on Tuesday, March 24th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Flowtech Fluidpower has a consensus rating of “Buy” and an average price target of GBX 100.

Flowtech Fluidpower Trading Up 1.5%

The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 72.79. The business has a fifty day simple moving average of GBX 48.98 and a 200 day simple moving average of GBX 51.11. The company has a market cap of £49.19 million, a price-to-earnings ratio of -11.53 and a beta of 0.56.

Flowtech Fluidpower (LON:FLO) last issued its earnings results on Tuesday, March 24th. The company reported GBX (5.24) EPS for the quarter. Flowtech Fluidpower had a negative return on equity of 8.17% and a negative net margin of 2.84%. On average, equities analysts anticipate that Flowtech Fluidpower plc will post 14.2535211 EPS for the current fiscal year.

About Flowtech Fluidpower

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