Flowtech Fluidpower (LON:FLO) Announces Earnings Results

Flowtech Fluidpower (LON:FLO) posted its quarterly earnings results on Tuesday. The company reported GBX 0.71 EPS for the quarter, Digital Look Earnings reports. Flowtech Fluidpower had a negative net margin of 2.84% and a negative return on equity of 8.17%.

Flowtech Fluidpower Stock Down 1.5%

LON FLO traded down GBX 1 during mid-day trading on Tuesday, hitting GBX 67. The company’s stock had a trading volume of 317,307 shares, compared to its average volume of 107,556. The firm has a market capitalization of £54.56 million, a price-to-earnings ratio of -12.79 and a beta of 0.56. The company’s 50 day simple moving average is GBX 63.54 and its 200 day simple moving average is GBX 54.72. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 72.79. Flowtech Fluidpower has a twelve month low of GBX 41 and a twelve month high of GBX 77.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 100 target price on shares of Flowtech Fluidpower in a research note on Tuesday. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Flowtech Fluidpower has a consensus rating of “Buy” and a consensus target price of GBX 100.

About Flowtech Fluidpower

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