Flowtech Fluidpower (LON:FLO) Receives Buy Rating from Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of Flowtech Fluidpower (LON:FLO) in a research note released on Tuesday, MarketBeat reports. The brokerage currently has a GBX 130 price target on the stock.

Flowtech Fluidpower Stock Performance

LON FLO opened at GBX 68 on Tuesday. The firm has a market capitalization of £43.03 million, a P/E ratio of -161.02 and a beta of 1.04. The stock has a 50-day simple moving average of GBX 60.22 and a two-hundred day simple moving average of GBX 59.13. The company has a debt-to-equity ratio of 35.90, a quick ratio of 1.04 and a current ratio of 2.91. Flowtech Fluidpower has a fifty-two week low of GBX 46 and a fifty-two week high of GBX 118.

Flowtech Fluidpower (LON:FLO) last posted its earnings results on Tuesday, September 9th. The company reported GBX (0.23) EPS for the quarter. Flowtech Fluidpower had a negative return on equity of 20.67% and a negative net margin of 12.99%. On average, equities analysts forecast that Flowtech Fluidpower will post 14.2535211 earnings per share for the current year.

About Flowtech Fluidpower

Flowtech Fluidpower is a Group of specialist fluid power businesses. Working in partnership with customers and suppliers, we deliver essential components, custom solutions and high-quality servicing support to keep global industry moving. Our business is separated into two distinct divisions: Components and Services.