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

Shares of Flowtech Fluidpower plc (LON:FLO) passed 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 traded.

Flowtech Fluidpower Stock Down 0.6 %

The company 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 quick ratio of 1.04, a current ratio of 2.91 and a debt-to-equity ratio of 35.90. The company has a fifty day moving average of GBX 98.67 and a 200 day moving average of GBX 107.72.

Insider Buying and Selling

In other news, insider Roger McDowell bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The stock was bought at an average price of GBX 90 ($1.17) per share, with a total value 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.