Flowtech Fluidpower (LON:FLO) Announces Earnings Results

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

Flowtech Fluidpower Stock Down 1.5%

LON:FLO traded down GBX 1 during mid-day trading on Tuesday, reaching GBX 67. The stock had a trading volume of 317,307 shares, compared to its average volume of 107,556. 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 capitalization of £54.56 million, a price-to-earnings ratio of -12.79 and a beta of 0.56. Flowtech Fluidpower has a 1-year low of GBX 41 and a 1-year high of GBX 77. The stock’s 50 day simple moving average is GBX 63.54 and its two-hundred day simple moving average is GBX 54.72.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated a “buy” rating and issued 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, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus 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