Flowtech Fluidpower (LON:FLO) Shares Pass Above 50-Day Moving Average – Here’s What Happened

Flowtech Fluidpower plc (LON:FLO) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 56.57 and traded as high as GBX 60.81. Flowtech Fluidpower shares last traded at GBX 60.81, with a volume of 77,955 shares.

Flowtech Fluidpower Stock Down 0.3%

The business has a 50-day simple moving average of GBX 56.57 and a 200-day simple moving average of GBX 52.71. The company has a debt-to-equity ratio of 72.79, a quick ratio of 1.04 and a current ratio of 2.11. The company has a market cap of £49.52 million, a price-to-earnings ratio of -11.60 and a beta of 0.56.

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