Filtronic (LON:FTC) Stock Price Up 4.5% – Time to Buy?

Filtronic plc (LON:FTCGet Free Report) shares rose 4.5% during mid-day trading on Thursday . The stock traded as high as GBX 305 and last traded at GBX 300. Approximately 5,556,060 shares traded hands during mid-day trading, an increase of 82% from the average daily volume of 3,048,455 shares. The stock had previously closed at GBX 287.

Analysts Set New Price Targets

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

Check Out Our Latest Research Report on Filtronic

Filtronic Stock Performance

The company has a 50-day moving average of GBX 301.37 and a 200 day moving average of GBX 217.21. The company has a quick ratio of 2.13, a current ratio of 2.23 and a debt-to-equity ratio of 16.02. The firm has a market capitalization of £757.70 million, a PE ratio of 83.01 and a beta of 1.01.

Insider Transactions at Filtronic

In other news, insider Michael Tyerman sold 240,631 shares of the business’s stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of GBX 205, for a total value of £493,293.55. Also, insider Jonathan Neale sold 65,151 shares of the business’s stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of GBX 244, for a total value of £158,968.44. In the last three months, insiders sold 405,782 shares of company stock worth $85,726,199. 4.60% of the stock is currently owned by corporate insiders.

Filtronic Company Profile

(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

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