Flowtech Fluidpower (LON:FLO) Announces Quarterly Earnings Results

Flowtech Fluidpower (LON:FLO) posted its quarterly earnings data on Tuesday. The company reported GBX 0.71 earnings per share 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 Down 1.4%

Shares of FLO stock opened at GBX 64.11 on Wednesday. Flowtech Fluidpower has a 1 year low of GBX 41 and a 1 year high of GBX 77. The company has a debt-to-equity ratio of 72.79, a quick ratio of 1.04 and a current ratio of 2.11. The business’s fifty day moving average is GBX 63.71 and its 200-day moving average is GBX 54.82. The stock has a market cap of £52.21 million, a PE ratio of -12.23 and a beta of 0.56.

Analyst Upgrades and Downgrades

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