Flowtech Fluidpower (LON:FLO) Shares Cross Below 50-Day Moving Average – Should You Sell?

Flowtech Fluidpower plc (LON:FLO) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 73.18 ($0.93) and traded as low as GBX 66.49 ($0.84). Flowtech Fluidpower shares last traded at GBX 66.80 ($0.85), with a volume of 154,051 shares changing hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 130 ($1.65) target price on shares of Flowtech Fluidpower in a research note on Thursday, January 30th.

Flowtech Fluidpower Price Performance

The stock has a fifty day moving average of GBX 73.18 and a 200 day moving average of GBX 89.49. The stock has a market cap of £41.40 million, a price-to-earnings ratio of -2.88 and a beta of 1.04. The company has a debt-to-equity ratio of 35.90, a current ratio of 2.91 and a quick ratio of 1.04.

Flowtech Fluidpower Company Profile

Flowtech Fluidpower is a Group of specialist fluid power businesses. Working in partnership with customers and suppliers, we deliver essential components, custom solutions and high-quality servicing support to keep global industry moving. Our business is separated into two distinct divisions: Components and Services.