Flowtech Fluidpower (LON:FLO) Releases Quarterly Earnings Results

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

Flowtech Fluidpower Trading Down 2.8%

Shares of FLO stock traded down GBX 1.80 on Thursday, reaching GBX 63.20. 202,789 shares of the stock were exchanged, compared to its average volume of 108,130. The firm has a 50 day moving average of GBX 63.83 and a two-hundred day moving average of GBX 54.89. Flowtech Fluidpower has a 1-year low of GBX 41 and a 1-year high of GBX 77. The company has a quick ratio of 1.04, a current ratio of 2.25 and a debt-to-equity ratio of 19.08. The stock has a market cap of £51.47 million, a P/E ratio of -12.06 and a beta of 0.56.

Analyst Upgrades and Downgrades

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