Flowtech Fluidpower (LON:FLO) Sets New 12-Month Low – Here’s Why

Flowtech Fluidpower plc (LON:FLO)’s stock price reached a new 52-week low during trading on Thursday . The company traded as low as GBX 56 ($0.72) and last traded at GBX 58.80 ($0.76), with a volume of 216148 shares. The stock had previously closed at GBX 58.40 ($0.76).

Analysts Set New Price Targets

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

Flowtech Fluidpower Trading Up 5.3 %

The firm’s fifty day simple moving average is GBX 67.51 and its 200 day simple moving average is GBX 84.12. The company has a debt-to-equity ratio of 35.90, a quick ratio of 1.04 and a current ratio of 2.91. The stock has a market capitalization of £38.37 million, a P/E ratio of -2.67 and a beta 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.