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

Shares of Flowtech Fluidpower plc (LON:FLO) reached a new 52-week low on Friday . The stock traded as low as GBX 64.24 ($0.81) and last traded at GBX 68 ($0.86), with a volume of 87827 shares traded. The stock had previously closed at GBX 65.90 ($0.83).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 130 ($1.64) price target on shares of Flowtech Fluidpower in a research report on Thursday, January 30th.

Flowtech Fluidpower Stock Performance

The company has a market cap of £43.01 million, a price-to-earnings ratio of -2.99 and a beta of 1.04. The firm has a 50-day simple moving average of GBX 72.90 and a 200 day simple moving average of GBX 89.20. The company has a quick ratio of 1.04, a current ratio of 2.91 and a debt-to-equity ratio of 35.90.

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.