Flowtech Fluidpower (LON:FLO) Shares Cross Below Fifty Day Moving Average - Here's Why

Shares of Flowtech Fluidpower plc (LON:FLO - Get Free Report) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 93.93 ($1.19) and traded as low as GBX 83.20 ($1.05). Flowtech Fluidpower shares last traded at GBX 85 ($1.08), with a volume of 36,790 shares traded.

Flowtech Fluidpower Price Performance

The company's 50-day simple moving average is GBX 93.93 and its 200-day simple moving average is GBX 106.38. 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 stock has a market capitalization of £53.77 million, a price-to-earnings ratio of -369.41 and a beta of 1.04.

Insider Activity

In related news, insider Roger McDowell bought 10,000 shares of the firm's stock in a transaction on Friday, September 27th. The shares were purchased at an average price of GBX 90 ($1.14) per share, with a total value of £9,000 ($11,388.08). 3.55% of the stock is owned by company insiders.

Flowtech Fluidpower Company Profile

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.