Flowtech Fluidpower (LON:FLO) Announces Quarterly Earnings Results

Flowtech Fluidpower (LON:FLO) announced 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 net margin of 2.84% and a negative return on equity of 8.17%.

Flowtech Fluidpower Stock Performance

Shares of LON FLO traded down GBX 1 during trading on Tuesday, reaching GBX 67. 317,307 shares of the company traded hands, compared to its average volume of 107,556. The firm has a 50 day simple moving average of GBX 63.54 and a 200-day simple 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 stock has a market capitalization of £54.56 million, a PE ratio of -12.79 and a beta of 0.56. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 72.79.

Wall Street Analyst Weigh In

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