Flowtech Fluidpower (LON:FLO) Announces Quarterly Earnings Results

Flowtech Fluidpower (LON:FLO) released its quarterly earnings results on Wednesday. The company reported GBX (42.23) (($0.55)) earnings per share for the quarter, Digital Look Earnings reports. Flowtech Fluidpower had a negative return on equity of 20.67% and a negative net margin of 12.99%.

Flowtech Fluidpower Trading Down 0.7 %

LON FLO traded down GBX 0.38 ($0.00) during mid-day trading on Friday, reaching GBX 53.62 ($0.70). 84,627 shares of the stock were exchanged, compared to its average volume of 128,529. The stock has a market capitalization of £33.91 million, a PE ratio of -2.36 and a beta of 1.04. The company has a debt-to-equity ratio of 35.90, a quick ratio of 1.04 and a current ratio of 2.91. Flowtech Fluidpower has a 1-year low of GBX 46 ($0.60) and a 1-year high of GBX 122 ($1.58). The business’s fifty day simple moving average is GBX 60.99 and its 200 day simple moving average is GBX 75.44.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 130 ($1.69) price objective on shares of Flowtech Fluidpower in a research report on Thursday, January 30th.

About Flowtech Fluidpower

Flowtech Fluidpower is a Group of specialist fluid power businesses. Working in partnership with customers and suppliers, we deliver essential components, custom solutions and high-quality servicing support to keep global industry moving. Our business is separated into two distinct divisions: Components and Services.