Flowtech Fluidpower (LON:FLO) Stock Price Passes Below 50-Day Moving Average – What’s Next?

Flowtech Fluidpower plc (LON:FLO)’s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 98.67 ($1.28) and traded as low as GBX 87 ($1.13). Flowtech Fluidpower shares last traded at GBX 87.90 ($1.14), with a volume of 60,602 shares changing hands.

Flowtech Fluidpower Trading Down 0.6 %

The stock has a market cap of £55.62 million, a P/E ratio of -382.17 and a beta of 1.04. The company has a 50-day moving average price of GBX 98.67 and a two-hundred day moving average price of GBX 107.72. The company has a current ratio of 2.91, a quick ratio of 1.04 and a debt-to-equity ratio of 35.90.

Insider Activity at Flowtech Fluidpower

In other Flowtech Fluidpower news, insider Roger McDowell bought 10,000 shares of the company’s stock in a transaction on Friday, September 27th. The stock was acquired at an average price of GBX 90 ($1.17) per share, for a total transaction of £9,000 ($11,715.70). 3.55% of the stock is currently owned by insiders.

About Flowtech Fluidpower

Flowtech Fluidpower plc, together with its subsidiaries, distributes engineering components and assemblies in the areas of fluid power industry in the United Kingdom, rest of Europe, internationally. The company supplies hydraulic and pneumatic products, as well as delivers specialist engineering solutions, services, and systems through a network of distributors and resellers and a broad range of original equipment manufacturers (OEMs) across all industry sectors.