Flowtech Fluidpower (LON:FLO) Posts Quarterly Earnings Results

Flowtech Fluidpower (LON:FLO) issued its quarterly earnings results on Tuesday. The company reported GBX (5.24) earnings per share (EPS) 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 FLO stock traded up GBX 1.70 during mid-day trading on Tuesday, reaching GBX 47.70. The company’s stock had a trading volume of 40,764 shares, compared to its average volume of 126,279. The firm’s 50-day moving average is GBX 53.41 and its two-hundred day moving average is GBX 57.40. The company has a market cap of £38.84 million, a P/E ratio of -1.11 and a beta of 0.35. Flowtech Fluidpower has a 1-year low of GBX 41 and a 1-year 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.

Insiders Place Their Bets

In other Flowtech Fluidpower news, insider Ailsa Webb purchased 13,208 shares of the business’s stock in a transaction on Monday, February 9th. The stock was purchased at an average price of GBX 53 per share, for a total transaction of £7,000.24. Also, insider Mike England acquired 16,228 shares of the firm’s stock in a transaction on Monday, February 9th. The shares were bought at an average cost of GBX 53 per share, for a total transaction of £8,600.84. Insiders have purchased a total of 412,971 shares of company stock valued at $21,887,463 over the last 90 days. Company insiders own 3.91% of the company’s stock.

Analysts Set New Price Targets

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

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