Pressure Technologies (LON:PRES) Announces Quarterly Earnings Results

Pressure Technologies (LON:PRES) announced its quarterly earnings results on Wednesday. The company reported GBX (4.50) (($0.06)) earnings per share for the quarter, Digital Look Earnings reports. Pressure Technologies had a negative net margin of 1.53% and a negative return on equity of 4.02%.

Pressure Technologies Stock Performance

Shares of PRES traded down GBX 3.51 ($0.04) during midday trading on Wednesday, reaching GBX 34.99 ($0.44). 101,648 shares of the stock were exchanged, compared to its average volume of 44,708. Pressure Technologies has a twelve month low of GBX 24 ($0.30) and a twelve month high of GBX 43.90 ($0.55). The company has a debt-to-equity ratio of 31.77, a current ratio of 1.53 and a quick ratio of 1.24. The company has a market capitalization of £13.53 million, a price-to-earnings ratio of -3,499.00, a PEG ratio of -0.12 and a beta of 1.58. The business’s 50-day moving average price is GBX 36.98 and its 200 day moving average price is GBX 34.15.

Pressure Technologies Company Profile

Headquartered in Sheffield, United Kingdom, the Pressure Technologies Group is a leading designer and manufacturer of high-integrity, safety-critical components and systems serving global supply chains in oil and gas, defence, industrial gases and hydrogen energy markets. The Group has two divisions, Chesterfield Special Cylinders and Precision Machined Components.