Filtronic (LON:FTC) Trading 11.9% Higher – What’s Next?

by · The Markets Daily

Filtronic plc (LON:FTC – Get Free Report) shares traded up 11.9% during trading on Tuesday . The stock traded as high as GBX 385 and last traded at GBX 376.50. 4,394,936 shares changed hands during mid-day trading, an increase of 39% from the average session volume of 3,154,567 shares. The stock had previously closed at GBX 336.50.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 213 price objective on shares of Filtronic in a research note on Tuesday, April 28th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Filtronic presently has a consensus rating of “Buy” and a consensus price target of GBX 213.

Read Our Latest Stock Report on FTC

Filtronic Price Performance

The company’s 50 day moving average price is GBX 319.12 and its 200-day moving average price is GBX 226.83. The company has a market capitalization of £828.09 million, a PE ratio of 90.72 and a beta of 1.01. The company has a current ratio of 2.23, a quick ratio of 2.13 and a debt-to-equity ratio of 16.02.

Insiders Place Their Bets

In other Filtronic news, insider Jonathan Neale sold 65,151 shares of the company’s stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of GBX 244, for a total value of £158,968.44. Also, insider Michael Tyerman sold 240,631 shares of the company’s stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of GBX 205, for a total value of £493,293.55. Insiders sold a total of 405,782 shares of company stock worth $85,726,199 over the last ninety days. 4.50% of the stock is owned by company insiders.

About Filtronic

(Get Free Report)

For leading global telecommunications, space, aerospace, and defence organisations, Filtronic provides the design and manufacturing of complex high-frequency, communication solutions. In today’s data-driven world, Filtronic excels in transmitting vast amounts of analog data quickly and accurately over long distances. Our advanced solutions enhance connectivity, optimise bandwidth, and minimise latency. As pioneers in high-frequency mmWave technology, we tackle the toughest challenges in the market, which is why global tech leaders choose Filtronic for unmatched expertise and innovative solutions.

Further Reading