Flowtech Fluidpower (LON:FLO) Issues Quarterly Earnings Results

by · The Markets Daily

Flowtech Fluidpower (LON:FLO – Get Free Report) announced its quarterly earnings results 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 Performance

Shares of FLO stock traded down GBX 2 during trading on Tuesday, hitting GBX 66. The company’s stock had a trading volume of 317,298 shares, compared to its average volume of 107,556. 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 company has a market cap of £53.75 million, a PE ratio of -12.60 and a beta of 0.56. The business has a fifty day moving average of GBX 63.54 and a 200-day moving average of GBX 54.72. Flowtech Fluidpower has a 52 week low of GBX 41 and a 52 week high of GBX 77.

Wall Street Analyst Weigh In

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

Check Out Our Latest Research Report on FLO

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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