Flowtech Fluidpower (LON:FLO) Share Price Passes Above 50 Day Moving Average – Here’s What Happened

Shares of Flowtech Fluidpower plc (LON:FLO) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 51.49 and traded as high as GBX 60.89. Flowtech Fluidpower shares last traded at GBX 57, with a volume of 87,346 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 100 price target on shares of Flowtech Fluidpower in a research report on Tuesday, March 24th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of GBX 100.

Flowtech Fluidpower Stock Performance

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 firm has a market cap of £46.42 million, a price-to-earnings ratio of -10.88 and a beta of 0.56. The business has a 50 day moving average price of GBX 51.49 and a 200-day moving average price of GBX 51.90.

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