Flowtech Fluidpower (LON:FLO) Share Price Passes Below 50-Day Moving Average – Time to Sell?

Flowtech Fluidpower plc (LON:FLO) shares passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 55.06 and traded as low as GBX 51.55. Flowtech Fluidpower shares last traded at GBX 51.72, with a volume of 202,423 shares.

Flowtech Fluidpower Stock Down 2.9%

The stock’s 50 day simple moving average is GBX 55.06 and its two-hundred day simple moving average is GBX 58.46. The firm has a market cap of £32.73 million, a P/E ratio of -1.21 and a beta of 1.04. The company has a debt-to-equity ratio of 35.90, a current ratio of 2.91 and a quick ratio of 1.04.

Insider Activity at Flowtech Fluidpower

In related news, insider Russell Cash bought 12,928 shares of the business’s stock in a transaction dated Monday, February 9th. The shares were purchased at an average cost of GBX 53 per share, with a total value of £6,851.84. Also, insider Roger McDowell purchased 303,794 shares of Flowtech Fluidpower stock in a transaction dated Monday, February 9th. The shares were bought at an average price of GBX 53 per share, with a total value of £161,010.82. Insiders have purchased 412,971 shares of company stock worth $21,887,463 over the last quarter. 4.38% of the stock is currently owned by company insiders.

Flowtech Fluidpower Company Profile

Flowtech are the leading specialist Hydraulics, Pneumatics and Process engineering solutions provider across the UK, Ireland and the Benelux. We’ve built a strong brand reputation based on engineering excellence, with the ability to supply superior products, a suite of engineering services, and play a vital role in the delivery of major engineering projects from a range of key industries.

https://www.flowtech.co.uk