Flowtech Fluidpower (LON:FLO) Stock Price Passes Below 200 Day Moving Average – What’s Next?

Flowtech Fluidpower plc (LON:FLO) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 57.87 and traded as low as GBX 49.35. Flowtech Fluidpower shares last traded at GBX 50.04, with a volume of 17,892 shares traded.

Flowtech Fluidpower Stock Down 2.9%

The company has a market capitalization of £40.75 million, a PE ratio of -1.17 and a beta of 0.35. The company has a debt-to-equity ratio of 63.25, a quick ratio of 1.04 and a current ratio of 2.45. The company’s 50-day moving average is GBX 55.12 and its 200 day moving average is GBX 57.87.

Insider Buying and Selling at Flowtech Fluidpower

In other news, insider James Brooke purchased 64,408 shares of the company’s stock in a transaction on Monday, February 9th. The shares were acquired at an average price of GBX 53 per share, for a total transaction of £34,136.24. Also, insider Roger McDowell acquired 303,794 shares of the business’s stock in a transaction dated Monday, February 9th. The stock was purchased at an average cost of GBX 53 per share, for a total transaction of £161,010.82. In the last quarter, insiders have bought 412,971 shares of company stock worth $21,887,463. 3.91% of the stock is owned by corporate insiders.

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