Flowtech Fluidpower (LON:FLO) Sets New 12-Month Low – Should You Sell?

Flowtech Fluidpower plc (LON:FLO)’s stock price reached a new 52-week low during 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).

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 report on Thursday, January 30th.

Flowtech Fluidpower Stock Performance

The company has a market capitalization of £35.42 million, a price-to-earnings ratio of -2.46 and a beta of 1.04. The stock has a 50 day simple moving average of GBX 63.91 and a 200 day simple moving average of GBX 78.66. The company has a quick ratio of 1.04, a current ratio of 2.91 and a debt-to-equity ratio of 35.90.

Flowtech Fluidpower Company Profile

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.