Flowtech Fluidpower (LON:FLO) Stock Crosses Below 50-Day Moving Average – Time to Sell?

Shares of Flowtech Fluidpower plc (LON:FLO) passed below its 50 day moving average during trading on Monday. The stock has a 50 day moving average of GBX 65.31 and traded as low as GBX 64.20. Flowtech Fluidpower shares last traded at GBX 66, with a volume of 52,827 shares.

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 100 target price on shares of Flowtech Fluidpower in a research note on Tuesday, September 8th. One equities research analyst has rated the stock with a Buy rating. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of GBX 100.

Flowtech Fluidpower Price Performance

The stock has a market capitalization of £55.38 million, a PE ratio of -15.81 and a beta of 0.56. The company has a current ratio of 2.25, a quick ratio of 1.04 and a debt-to-equity ratio of 62.00. The company’s 50-day moving average is GBX 65.43 and its 200 day moving average is GBX 57.50.

Flowtech Fluidpower (LON:FLO) last released its earnings results on Tuesday, September 8th. The company reported GBX 0.71 EPS for the quarter. Flowtech Fluidpower had a negative net margin of 1.99% and a negative return on equity of 5.87%. As a group, analysts anticipate that Flowtech Fluidpower plc will post 14.25 EPS for the current 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