Flowtech Fluidpower (LON:FLO) Announces Earnings Results

Flowtech Fluidpower (LON:FLO) posted its quarterly earnings results on Tuesday. The company reported GBX (0.23) earnings per share for the quarter, Digital Look Earnings reports. Flowtech Fluidpower had a negative return on equity of 20.67% and a negative net margin of 12.99%.

Flowtech Fluidpower Price Performance

LON:FLO opened at GBX 64 on Tuesday. Flowtech Fluidpower has a one year low of GBX 46 and a one year high of GBX 118. The company has a debt-to-equity ratio of 35.90, a current ratio of 2.91 and a quick ratio of 1.04. The company has a market cap of £40.50 million, a P/E ratio of -151.54 and a beta of 1.04. The firm’s fifty day moving average price is GBX 60.17 and its two-hundred day moving average price is GBX 59.07.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 130 target price on shares of Flowtech Fluidpower in a research note on Tuesday, July 29th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Flowtech Fluidpower currently has a consensus rating of “Buy” and an average price target of GBX 130.

About Flowtech Fluidpower

Flowtech Fluidpower is a Group of specialist fluid power businesses. Working in partnership with customers and suppliers, we deliver essential components, custom solutions and high-quality servicing support to keep global industry moving. Our business is separated into two distinct divisions: Components and Services.