Flowtech Fluidpower’s (FLO) Buy Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of Flowtech Fluidpower (LON:FLO) in a research note issued to investors on Tuesday, Marketbeat reports. The brokerage currently has a GBX 100 price target on the stock.

Flowtech Fluidpower Stock Performance

Flowtech Fluidpower stock opened at GBX 67 on Tuesday. Flowtech Fluidpower has a 52 week low of GBX 41 and a 52 week high of GBX 77. The company has a current ratio of 2.25, a quick ratio of 1.04 and a debt-to-equity ratio of 19.08. The stock has a market cap of £54.56 million, a P/E ratio of -12.79 and a beta of 0.56. The stock has a 50 day moving average of GBX 64 and a 200-day moving average of GBX 54.96.

Flowtech Fluidpower (LON:FLO) last issued its quarterly earnings results on Tuesday, September 8th. The company reported GBX 0.71 earnings per share (EPS) for the quarter. Flowtech Fluidpower had a negative net margin of 1.99% and a negative return on equity of 5.87%. On average, analysts expect that Flowtech Fluidpower will post 14.2535211 EPS for the current fiscal year.

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