Flowtech Fluidpower (LON:FLO) Issues Earnings Results

Flowtech Fluidpower (LON:FLO) released its earnings results on Tuesday. The company reported GBX 0.71 earnings per share (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 Price Performance

FLO stock opened at GBX 64.02 on Wednesday. The company has a market cap of £52.14 million, a PE ratio of -12.22 and a beta of 0.56. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 72.79. The stock has a 50-day moving average price of GBX 63.71 and a two-hundred day moving average price of GBX 54.82. Flowtech Fluidpower has a 12-month low of GBX 41 and a 12-month high of GBX 77.

Wall Street Analysts Forecast Growth

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