Flowtech Fluidpower (LON:FLO) Posts Quarterly Earnings Results

Flowtech Fluidpower (LON:FLO) released its earnings results on Wednesday. The company reported GBX (42.23) (($0.55)) EPS 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 1.9 %

LON FLO traded down GBX 1 ($0.01) on Friday, hitting GBX 53 ($0.69). 87,667 shares of the company were exchanged, compared to its average volume of 128,571. Flowtech Fluidpower has a twelve month low of GBX 46 ($0.60) and a twelve month high of GBX 122 ($1.58). The company’s 50 day moving average price is GBX 60.99 and its 200-day moving average price is GBX 75.44. The firm has a market capitalization of £33.52 million, a P/E ratio of -2.33 and a beta of 1.04. The company has a debt-to-equity ratio of 35.90, a current ratio of 2.91 and a quick ratio of 1.04.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 130 ($1.69) price target on shares of Flowtech Fluidpower in a 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.