Flowtech Fluidpower (LON:FLO) Given “Buy” Rating at Shore Capital

Shore Capital reaffirmed their buy rating on shares of Flowtech Fluidpower (LON:FLO) in a report released on Friday, March 29th, Digital Look reports. Shore Capital currently has a GBX 180 ($2.35) target price on the stock.

Separately, FinnCap restated a corporate rating on shares of Flowtech Fluidpower in a research report on Thursday, January 31st.

FLO stock traded up GBX 4 ($0.05) during trading hours on Friday, hitting GBX 121 ($1.58). 947,444 shares of the stock were exchanged, compared to its average volume of 70,696. The company has a debt-to-equity ratio of 25.31, a current ratio of 1.40 and a quick ratio of 0.68. The stock has a market capitalization of $73.71 million and a price-to-earnings ratio of 14.58. Flowtech Fluidpower has a 12 month low of GBX 97 ($1.27) and a 12 month high of GBX 195 ($2.55).

The business also recently declared a dividend, which will be paid on Friday, July 12th. Investors of record on Thursday, June 6th will be given a GBX 4.04 ($0.05) dividend. The ex-dividend date is Thursday, June 6th. This represents a dividend yield of 3.45%. This is a boost from Flowtech Fluidpower’s previous dividend of $2.03. Flowtech Fluidpower’s dividend payout ratio (DPR) is presently 0.72%.

About Flowtech Fluidpower

Flowtech Fluidpower plc, together with its subsidiaries, distributes hydraulic and pneumatic fluid power products in the United Kingdom, Ireland, Benelux, and internationally. The company operates through three segments: Flowtechnology, Power Motion Control, and Process. It offers hydraulic rubber and thermoplastic hose assembly kits, hydraulic cylinders and semi-rotary actuators, bespoke hydraulic power units and packs, purification and filtration systems, manipulated pipes and individual machined components, specialist valves and actuation equipment, safety pipework, transfer pumps, breather valves and instrumentals, and mobile systems, as well as various industrial, pneumatic, and hydraulic components.

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