Flowtech Fluidpower (LON:FLO) Shares Down 1.5%

Shares of Flowtech Fluidpower PLC (LON:FLO) dropped 1.5% on Monday . The stock traded as low as GBX 115.04 ($1.50) and last traded at GBX 116.25 ($1.52), approximately 36,168 shares traded hands during mid-day trading. A decline of 49% from the average daily volume of 70,696 shares. The stock had previously closed at GBX 118 ($1.54).

FLO has been the topic of several analyst reports. Shore Capital reiterated a “buy” rating on shares of Flowtech Fluidpower in a research note on Tuesday, October 22nd. FinnCap reiterated a “corporate” rating on shares of Flowtech Fluidpower in a research note on Tuesday, October 22nd.

The firm has a fifty day simple moving average of GBX 109.81 and a 200-day simple moving average of GBX 127.62. The company has a current ratio of 1.46, a quick ratio of 0.75 and a debt-to-equity ratio of 34.53. The stock has a market cap of $71.55 million and a price-to-earnings ratio of 15.30.

The company also recently disclosed a dividend, which was paid on Tuesday, October 29th. Shareholders of record on Thursday, October 3rd were issued a dividend of GBX 2.13 ($0.03) per share. This represents a yield of 1.83%. The ex-dividend date was Thursday, October 3rd. Flowtech Fluidpower’s dividend payout ratio is 0.79%.

In other news, insider Bill Wilson acquired 10,000 shares of Flowtech Fluidpower stock in a transaction on Friday, October 25th. The shares were purchased at an average price of GBX 114 ($1.49) per share, with a total value of £11,400 ($14,896.12).

About Flowtech Fluidpower (LON:FLO)

Flowtech Fluidpower plc, together with its subsidiaries, distributes hydraulic and pneumatic fluid power products in the United Kingdom, Ireland, Benelux, and internationally. The company operates through three segments: Flowtechnology, Power Motion Control, and Process. It offers hydraulic rubber and thermoplastic hose assembly kits, hydraulic cylinders and semi-rotary actuators, bespoke hydraulic power units and packs, purification and filtration systems, manipulated pipes and individual machined components, specialist valves and actuation equipment, safety pipework, transfer pumps, breather valves and instrumentals, and mobile systems, as well as various industrial, pneumatic, and hydraulic components.

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