Flowtech Fluidpower (LON:FLO) Issues 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 return on equity of 8.17% and a negative net margin of 2.84%.

Flowtech Fluidpower Stock Performance

Flowtech Fluidpower stock opened at GBX 66.11 on Tuesday. 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 1 year low of GBX 41 and a 1 year high of GBX 77. The company has a market cap of £53.84 million, a PE ratio of -12.62 and a beta of 0.56. The company’s 50-day moving average is GBX 63.54 and its two-hundred day moving average is GBX 54.72.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 100 target price 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 price target 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