Flowtech Fluidpower (LON:FLO) Releases Earnings Results

Flowtech Fluidpower (LON:FLO) posted its quarterly earnings results on Tuesday. The company reported GBX (5.24) earnings per share 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 Price Performance

Shares of FLO stock opened at GBX 46.13 on Thursday. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 72.79. Flowtech Fluidpower has a 12-month low of GBX 41 and a 12-month high of GBX 77. The firm has a fifty day moving average of GBX 52.91 and a 200-day moving average of GBX 57.20. The firm has a market capitalization of £37.56 million, a price-to-earnings ratio of -1.08 and a beta of 0.35.

Insider Buying and Selling at Flowtech Fluidpower

In other Flowtech Fluidpower news, insider Ailsa Webb purchased 13,208 shares of the stock in a transaction on Monday, February 9th. The stock was bought at an average cost of GBX 53 per share, for a total transaction of £7,000.24. Also, insider Russell Cash purchased 12,928 shares of the company’s stock in a transaction dated Monday, February 9th. The shares were acquired at an average cost of GBX 53 per share, for a total transaction of £6,851.84. Insiders have acquired a total of 412,971 shares of company stock worth $21,887,463 in the last three months. 3.91% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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