Flowtech Fluidpower (LON:FLO) Hits New 52-Week Low – Here’s What Happened

Shares of Flowtech Fluidpower plc (LON:FLO) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 55.60 ($0.72) and last traded at GBX 56 ($0.72), with a volume of 140923 shares changing hands. The stock had previously closed at GBX 59.30 ($0.77).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 130 ($1.68) price objective on shares of Flowtech Fluidpower in a report on Thursday, January 30th.

Flowtech Fluidpower Trading Down 5.6 %

The firm has a market cap of £35.42 million, a P/E ratio of -2.46 and a beta of 1.04. The company’s 50 day moving average is GBX 63.91 and its two-hundred day moving average is GBX 78.66. The company has a debt-to-equity ratio of 35.90, a current ratio of 2.91 and a quick ratio of 1.04.

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.