Flowtech Fluidpower (LON:FLO) Given “Buy” Rating at Canaccord Genuity Group

Flowtech Fluidpower (LON:FLO)‘s stock had its “buy” rating reiterated by analysts at Canaccord Genuity Group in a research report issued on Tuesday,Digital Look reports. They presently have a GBX 100 price objective on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 57.21% from the stock’s current price.

Flowtech Fluidpower Stock Up 7.8%

LON FLO traded up GBX 4.61 during midday trading on Tuesday, hitting GBX 63.61. 306,769 shares of the company traded hands, compared to its average volume of 108,627. The company has a debt-to-equity ratio of 72.79, a current ratio of 2.11 and a quick ratio of 1.04. The company has a market cap of £51.80 million, a PE ratio of -12.14 and a beta of 0.56. The company’s 50-day simple moving average is GBX 56.85 and its 200-day simple moving average is GBX 52.64. Flowtech Fluidpower has a 52 week low of GBX 41 and a 52 week high of GBX 77.

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