Flowtech Fluidpower (LON:FLO) Releases Quarterly Earnings Results

Flowtech Fluidpower (LON:FLO) released its quarterly earnings data on Tuesday. The company reported GBX 0.71 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 Trading Down 2.8%

LON:FLO opened at GBX 66.11 on Tuesday. The company has a fifty day moving average of GBX 63.54 and a 200 day moving average of GBX 54.72. Flowtech Fluidpower has a 52 week low of GBX 41 and a 52 week high of GBX 77. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 72.79. The firm has a market capitalization of £53.84 million, a P/E ratio of -12.62 and a beta of 0.56.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a “buy” rating and set 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, Based on data from MarketBeat.com, the company currently 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