Flowtech Fluidpower (LON:FLO) Stock Price Down 0.4% – Here’s Why

Flowtech Fluidpower plc (LON:FLO)’s stock price traded down 0.4% during mid-day trading on Thursday . The stock traded as low as GBX 82 ($1.03) and last traded at GBX 83.40 ($1.05). 93,882 shares were traded during mid-day trading, a decline of 16% from the average session volume of 112,179 shares. The stock had previously closed at GBX 83.70 ($1.06).

Flowtech Fluidpower Price Performance

The firm has a market capitalization of £51.89 million, a PE ratio of -356.52 and a beta of 1.04. The company has a 50-day moving average price of GBX 87.28 and a 200-day moving average price of GBX 103.38. The company has a debt-to-equity ratio of 35.90, a current ratio of 2.91 and a quick ratio of 1.04.

Insiders Place Their Bets

In other Flowtech Fluidpower news, insider Roger McDowell purchased 10,000 shares of Flowtech Fluidpower stock in a transaction on Friday, September 27th. The shares were bought at an average price of GBX 90 ($1.14) per share, with a total value of £9,000 ($11,359.33). 3.55% of the stock is owned by corporate 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.