Flowtech Fluidpower (LON:FLO) Releases Quarterly Earnings Results

Flowtech Fluidpower (LON:FLO) issued its earnings results 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 Performance

Shares of Flowtech Fluidpower stock traded down GBX 4.43 on Tuesday, reaching GBX 63.56. 252,144 shares of the company were exchanged, compared to its average volume of 107,179. The firm has a market cap of £51.76 million, a price-to-earnings ratio of -12.13 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 company has a debt-to-equity ratio of 72.79, a quick ratio of 1.04 and a current ratio of 2.11. The company’s 50-day moving average is GBX 63.54 and its two-hundred day moving average is GBX 54.72.

Wall Street Analysts Forecast Growth

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