Flowtech Fluidpower (LON:FLO) Stock Price Down 1.3% – What’s Next?

Flowtech Fluidpower plc (LON:FLO) shares were down 1.3% during mid-day trading on Wednesday. The stock traded as low as GBX 59.20 and last traded at GBX 59.20. 60,043 shares were traded during trading, a decline of 44% from the average session volume of 106,524 shares. The stock had previously closed at GBX 60.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 100 target price on shares of Flowtech Fluidpower in a research report on Tuesday, September 8th. One 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 target price of GBX 100.

Flowtech Fluidpower Stock Performance

The firm has a market cap of £46.58 million, a PE ratio of -13.30 and a beta of 0.58. The firm has a 50-day moving average price of GBX 64.62 and a two-hundred day moving average price of GBX 57.04. The company has a quick ratio of 1.04, a current ratio of 2.25 and a debt-to-equity ratio of 62.00.

Flowtech Fluidpower (LON:FLO) last posted its quarterly earnings data on Tuesday, September 8th. The company reported GBX 0.71 EPS for the quarter. Flowtech Fluidpower had a negative return on equity of 5.87% and a negative net margin of 1.99%. Research analysts forecast that Flowtech Fluidpower plc will post 14.25 EPS for the current fiscal year.

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