Flowtech Fluidpower (LON:FLO) Announces Quarterly Earnings Results

Flowtech Fluidpower (LON:FLO) announced its quarterly earnings results on Tuesday. The company reported GBX (5.24) earnings per share for the quarter, Digital Look Earnings reports. Flowtech Fluidpower had a negative net margin of 24.71% and a negative return on equity of 64.09%.

Flowtech Fluidpower Price Performance

Shares of LON FLO traded up GBX 1.70 during mid-day trading on Tuesday, hitting GBX 47.70. 40,764 shares of the stock were exchanged, compared to its average volume of 126,279. Flowtech Fluidpower has a twelve month low of GBX 41 and a twelve month high of GBX 77. The stock’s fifty day simple moving average is GBX 53.41 and its two-hundred day simple moving average is GBX 57.40. The company has a debt-to-equity ratio of 63.25, a quick ratio of 1.04 and a current ratio of 2.45. The company has a market cap of £38.84 million, a P/E ratio of -1.11 and a beta of 0.35.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other Flowtech Fluidpower news, insider James Brooke bought 64,408 shares of Flowtech Fluidpower stock in a transaction dated Monday, February 9th. The shares were acquired at an average cost of GBX 53 per share, with a total value of £34,136.24. Also, insider Roger McDowell purchased 303,794 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The shares were acquired at an average price of GBX 53 per share, for a total transaction of £161,010.82. Insiders acquired 412,971 shares of company stock worth $21,887,463 over the last ninety days. 3.91% of the stock is owned by insiders.

Flowtech Fluidpower Company Profile

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