Flowtech Fluidpower (LON:FLO) Posts Quarterly Earnings Results

Flowtech Fluidpower (LON:FLO) issued its earnings results 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 Down 1.4%

Shares of LON FLO opened at GBX 64.11 on Wednesday. The company has a current ratio of 2.11, a quick ratio of 1.04 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 market capitalization of £52.21 million, a PE ratio of -12.23 and a beta of 0.56. The firm has a fifty day simple moving average of GBX 63.71 and a two-hundred day simple moving average of GBX 54.82.

Analyst Upgrades and Downgrades

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