Flowtech Fluidpower (LON:FLO) Posts Quarterly Earnings Results

Flowtech Fluidpower (LON:FLO) posted its quarterly earnings data on Tuesday. The company reported GBX 0.71 earnings per share for the quarter, Digital Look Earnings reports. Flowtech Fluidpower had a negative return on equity of 5.87% and a negative net margin of 1.99%.

Flowtech Fluidpower Stock Performance

Shares of LON:FLO traded down GBX 1.80 during trading on Thursday, hitting GBX 63.20. The stock had a trading volume of 204,499 shares, compared to its average volume of 108,140. The company has a quick ratio of 1.04, a current ratio of 2.25 and a debt-to-equity ratio of 19.08. Flowtech Fluidpower has a 12-month low of GBX 41 and a 12-month high of GBX 77. The stock has a market capitalization of £51.47 million, a price-to-earnings ratio of -12.06 and a beta of 0.56. The stock has a 50-day simple moving average of GBX 63.83 and a two-hundred day simple moving average of GBX 54.89.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 100 price target on shares of Flowtech Fluidpower in a research note on Tuesday. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of GBX 100.

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