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

Flowtech Fluidpower plc (LON:FLO)’s stock price hit a new 52-week low on Tuesday . The stock traded as low as GBX 66.80 ($0.83) and last traded at GBX 67.80 ($0.84), with a volume of 21870 shares trading hands. The stock had previously closed at GBX 67.80 ($0.84).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 130 ($1.61) price target on shares of Flowtech Fluidpower in a research note on Thursday.

Flowtech Fluidpower Stock Up 2.7 %

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 firm’s 50-day moving average price is GBX 77.89 and its 200 day moving average price is GBX 94.66. The firm has a market capitalization of £43.66 million, a price-to-earnings ratio of -300.00 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.