Flowtech Fluidpower (LON:FLO) Announces Earnings Results

Flowtech Fluidpower (LON:FLO) issued its earnings results on Tuesday. The company reported GBX 0.71 EPS 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 2.8%

Shares of LON FLO opened at GBX 66.11 on Tuesday. Flowtech Fluidpower has a 52-week low of GBX 41 and a 52-week 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 stock has a market cap of £53.84 million, a P/E ratio of -12.62 and a beta of 0.56. The firm has a 50 day moving average price of GBX 63.54 and a 200 day moving average price of GBX 54.72.

Wall Street Analysts Forecast Growth

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