Flowtech Fluidpower (LON:FLO) Announces Earnings Results

Flowtech Fluidpower (LON:FLO) posted its quarterly earnings data 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

FLO traded up GBX 1.43 on Tuesday, hitting GBX 47.43. 41,347 shares of the company were exchanged, compared to its average volume of 126,289. Flowtech Fluidpower has a fifty-two week low of GBX 41 and a fifty-two week high of GBX 77. 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 firm has a market capitalization of £38.63 million, a P/E ratio of -1.11 and a beta of 0.35. The business’s fifty day moving average is GBX 53.41 and its 200 day moving average is GBX 57.40.

Insider Buying and Selling at Flowtech Fluidpower

In other news, insider James Brooke acquired 64,408 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The stock was purchased at an average cost of GBX 53 per share, with a total value of £34,136.24. Also, insider Roger McDowell acquired 303,794 shares of Flowtech Fluidpower stock in a transaction that occurred on Monday, February 9th. The shares were purchased at an average cost of GBX 53 per share, with a total value of £161,010.82. Over the last three months, insiders have bought 412,971 shares of company stock worth $21,887,463. Corporate insiders own 3.91% of the company’s stock.

Wall Street Analysts Forecast Growth

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, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of GBX 100.

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