Flowtech Fluidpower (LON:FLO) Hits New 52-Week Low – Time to Sell?

Flowtech Fluidpower plc (LON:FLO)’s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as GBX 41.40 and last traded at GBX 42.37, with a volume of 147610 shares. The stock had previously closed at GBX 43.50.

Wall Street Analysts Forecast Growth

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

Flowtech Fluidpower Stock Down 2.6%

The company has a market capitalization of £34.50 million, a PE ratio of -0.99 and a beta of 0.35. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 72.79. The business’s 50-day simple moving average is GBX 51.43 and its 200-day simple moving average is GBX 56.35.

Flowtech Fluidpower (LON:FLO) last released its quarterly earnings data on Tuesday, March 24th. The company reported GBX (5.24) earnings per share for the quarter. Flowtech Fluidpower had a negative net margin of 2.84% and a negative return on equity of 8.17%. As a group, equities research analysts anticipate that Flowtech Fluidpower plc will post 14.2535211 EPS for the current fiscal year.

Insider Buying and Selling

In other Flowtech Fluidpower news, insider Russell Cash bought 12,928 shares of the firm’s stock in a transaction dated Monday, February 9th. The shares were purchased at an average price of GBX 53 per share, for a total transaction of £6,851.84. Also, insider James Brooke bought 64,408 shares of the stock in a transaction dated Monday, February 9th. The shares were bought at an average price of GBX 53 per share, for a total transaction of £34,136.24. Insiders acquired 412,971 shares of company stock valued at $21,887,463 in the last 90 days. Corporate insiders own 3.91% of the company’s stock.

About Flowtech Fluidpower

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