Flowtech Fluidpower (LON:FLO) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

Flowtech Fluidpower plc (LON:FLO) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 69.18 ($0.92) and traded as low as GBX 59.62 ($0.79). Flowtech Fluidpower shares last traded at GBX 61 ($0.81), with a volume of 14,489 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 130 ($1.73) target price on shares of Flowtech Fluidpower in a research report on Thursday, January 30th.

Flowtech Fluidpower Price Performance

The company has a debt-to-equity ratio of 35.90, a current ratio of 2.91 and a quick ratio of 1.04. The company has a market capitalization of £38.58 million, a PE ratio of -2.68 and a beta of 1.04. The stock’s 50 day simple moving average is GBX 56.29 and its 200-day simple moving average is GBX 69.03.

Flowtech Fluidpower (LON:FLO) last issued its quarterly earnings results on Wednesday, April 9th. The company reported GBX (42.23) (($0.56)) earnings per share (EPS) for the quarter. Flowtech Fluidpower had a negative return on equity of 20.67% and a negative net margin of 12.99%. As a group, equities analysts forecast that Flowtech Fluidpower plc will post 14.2535211 earnings per share for the current fiscal year.

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.