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

Canaccord Genuity Group reiterated their buy rating on shares of Flowtech Fluidpower (LON:FLO) in a research note released on Tuesday, MarketBeat.com reports. They currently have a GBX 100 price objective on the stock.

Flowtech Fluidpower Trading Up 0.8%

Shares of LON:FLO opened at GBX 46.35 on Tuesday. The business’s 50 day simple moving average is GBX 53.16 and its 200 day simple moving average is GBX 57.28. 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 current ratio of 2.45 and a quick ratio of 1.04. The company has a market capitalization of £37.75 million, a P/E ratio of -1.08 and a beta of 0.35.

Flowtech Fluidpower (LON:FLO) last announced its quarterly earnings data on Tuesday, March 24th. The company reported GBX (5.24) earnings per share for the quarter. Flowtech Fluidpower had a negative net margin of 24.71% and a negative return on equity of 64.09%. On average, research analysts anticipate that Flowtech Fluidpower will post 14.2535211 EPS for the current fiscal year.

Insider Activity

In other news, insider Ailsa Webb bought 13,208 shares of the company’s stock in a transaction dated Monday, February 9th. The stock was bought at an average cost of GBX 53 per share, for a total transaction of £7,000.24. Also, insider James Brooke bought 64,408 shares of the company’s stock in a transaction dated Monday, February 9th. The stock was purchased at an average price of GBX 53 per share, with a total value of £34,136.24. Over the last three months, insiders acquired 412,971 shares of company stock valued at $21,887,463. Company insiders own 3.91% of the company’s stock.

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