Flowtech Fluidpower’s (FLO) Buy Rating Reaffirmed at Shore Capital

Shore Capital reiterated their buy rating on shares of Flowtech Fluidpower (LON:FLO) in a report published on Tuesday morning, ThisIsMoney.Co.Uk reports.

Separately, FinnCap restated a corporate rating on shares of Flowtech Fluidpower in a research report on Tuesday.

LON:FLO opened at GBX 118 ($1.54) on Tuesday. The stock has a market capitalization of $74.48 million and a price-to-earnings ratio of 11.57. Flowtech Fluidpower has a 12 month low of GBX 97 ($1.27) and a 12 month high of GBX 195 ($2.55). The company has a current ratio of 1.48, a quick ratio of 0.73 and a debt-to-equity ratio of 22.85.

The company also recently declared a dividend, which will be paid on Friday, July 12th. Shareholders 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 is a positive change from Flowtech Fluidpower’s previous dividend of $2.03. This represents a yield of 3.45%. Flowtech Fluidpower’s payout ratio is 0.59%.

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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