Flowtech Fluidpower (LON:FLO) Posts Quarterly Earnings Results

by · The Cerbat Gem

Flowtech Fluidpower (LON:FLO – Get Free Report) announced its quarterly earnings results on Tuesday. The company reported GBX 0.71 EPS 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 Stock Down 1.5%

Shares of LON:FLO traded down GBX 1 on Tuesday, reaching GBX 67. The company had a trading volume of 317,307 shares, compared to its average volume of 107,556. The stock has a market capitalization of £54.56 million, a P/E ratio of -12.79 and a beta of 0.56. The stock has a 50-day moving average price of GBX 63.54 and a 200 day moving average price of GBX 54.72. Flowtech Fluidpower has a twelve month low of GBX 41 and a twelve month high of GBX 77. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 72.79.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Stock Report on Flowtech Fluidpower

About Flowtech Fluidpower

(Get Free Report)

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

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