Flowtech Fluidpower (LON:FLO) Hits New 12-Month Low – Here’s What Happened

Flowtech Fluidpower plc (LON:FLO) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 41.40 and last traded at GBX 42.37, with a volume of 147610 shares trading hands. The stock had previously closed at GBX 43.50.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 100 price target on shares of Flowtech Fluidpower in a research note on Tuesday, March 24th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of GBX 100.

Flowtech Fluidpower Stock Down 2.6%

The business’s 50 day moving average is GBX 51.43 and its 200 day moving average is GBX 56.35. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 72.79. The company has a market cap of £34.50 million, a P/E ratio of -0.99 and a beta of 0.35.

Flowtech Fluidpower (LON:FLO) last posted its earnings results on Tuesday, March 24th. The company reported GBX (5.24) earnings per share (EPS) for the quarter. Flowtech Fluidpower had a negative net margin of 2.84% and a negative return on equity of 8.17%. As a group, equities analysts anticipate that Flowtech Fluidpower plc will post 14.2535211 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Flowtech Fluidpower news, insider James Brooke purchased 64,408 shares of the company’s stock in a transaction dated Monday, February 9th. The shares were acquired at an average price of GBX 53 per share, for a total transaction of £34,136.24. Also, insider Mike England acquired 16,228 shares of the business’s stock in a transaction dated Monday, February 9th. The shares were bought at an average price of GBX 53 per share, for a total transaction of £8,600.84. In the last 90 days, insiders have acquired 412,971 shares of company stock valued at $21,887,463. 3.91% of the stock is currently owned by corporate insiders.

About Flowtech Fluidpower

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