Flowtech Fluidpower (LON:FLO) Releases Quarterly Earnings Results

Flowtech Fluidpower (LON:FLO) issued its quarterly earnings data 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 5.87% and a negative net margin of 1.99%.

Flowtech Fluidpower Trading Down 0.6%

Shares of Flowtech Fluidpower stock traded down GBX 0.36 during midday trading on Friday, reaching GBX 64.64. The company had a trading volume of 108,772 shares, compared to its average volume of 109,053. Flowtech Fluidpower has a fifty-two week low of GBX 41 and a fifty-two week high of GBX 77. The company has a debt-to-equity ratio of 19.08, a current ratio of 2.25 and a quick ratio of 1.04. The stock has a fifty day moving average price of GBX 64.09 and a 200 day moving average price of GBX 55.03. The firm has a market cap of £52.64 million, a PE ratio of -12.34 and a beta of 0.56.

Wall Street Analysts Forecast Growth

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