Flowtech Fluidpower (LON:FLO) Stock Falls 1.3% – Here’s Why

Shares of Flowtech Fluidpower plc (LON:FLO) fell 1.3% during trading on Wednesday. The company traded as low as GBX 59.20 and last traded at GBX 59.20. 60,043 shares changed hands during mid-day trading, a decline of 44% from the average session volume of 106,524 shares. The stock had previously closed at GBX 60.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 100 target price on shares of Flowtech Fluidpower in a report on Tuesday, September 8th. One investment analyst has rated the stock with a Buy rating. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of GBX 100.

Flowtech Fluidpower Stock Down 1.3%

The firm has a 50-day moving average of GBX 64.82 and a 200 day moving average of GBX 57.02. The company has a debt-to-equity ratio of 62.00, a current ratio of 2.25 and a quick ratio of 1.04. The stock has a market capitalization of £48.21 million, a price-to-earnings ratio of -13.77 and a beta of 0.58.

Flowtech Fluidpower (LON:FLO) last posted its quarterly earnings results on Tuesday, September 8th. The company reported GBX 0.71 earnings per share for the quarter. Flowtech Fluidpower had a negative return on equity of 5.87% and a negative net margin of 1.99%. As a group, sell-side analysts forecast that Flowtech Fluidpower plc will post 14.25 earnings per share for the current fiscal year.

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