Flowtech Fluidpower (LON:FLO) Posts Earnings Results

Flowtech Fluidpower (LON:FLO) announced its quarterly earnings results on Tuesday. The company reported GBX 0.71 earnings per share 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%

FLO stock traded down GBX 1 during midday 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 50-day simple moving average of GBX 63.54 and a 200-day simple moving average of GBX 54.72. The firm has a market capitalization of £54.56 million, a P/E ratio of -12.79 and a beta of 0.56. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 72.79. Flowtech Fluidpower has a 52-week low of GBX 41 and a 52-week high of GBX 77.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 100 target price on shares of Flowtech Fluidpower in a report on Tuesday. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Flowtech Fluidpower presently 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