Flowtech Fluidpower (LON:FLO) Stock Price Crosses 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 76.38 ($0.95) and traded as low as GBX 68.94 ($0.86). Flowtech Fluidpower shares last traded at GBX 68.94 ($0.86), with a volume of 4,252,022 shares traded.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 130 ($1.61) target price on shares of Flowtech Fluidpower in a report on Thursday, January 30th.

Flowtech Fluidpower Stock Performance

The company has a quick ratio of 1.04, a current ratio of 2.91 and a debt-to-equity ratio of 35.90. The firm has a market capitalization of £43.98 million, a PE ratio of -302.17 and a beta of 1.04. The firm’s 50-day moving average price is GBX 76.06 and its two-hundred day moving average price is GBX 92.80.

About Flowtech Fluidpower

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.