Filtronic (FTC) Shares Down 7.5%

Posted by Wayne Rhoads on Feb 11th, 2019 // No Comments

Filtronic Plc (LON:FTC)’s share price was down 7.5% on Monday . The company traded as low as GBX 7.42 ($0.10) and last traded at GBX 7.45 ($0.10). Approximately 1,376,116 shares changed hands during trading, an increase of 453% from the average daily volume of 248,762 shares. The stock had previously closed at GBX 8.05 ($0.11).

Separately, FinnCap assumed coverage on shares of Filtronic in a research report on Thursday, January 31st. They set a “corporate” rating and a GBX 10.50 ($0.14) price objective for the company.

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Filtronic Company Profile (LON:FTC)

Filtronic plc designs and manufactures customized radio frequency, microwave, and millimeter wave components and subsystems in the United Kingdom, rest of Europe, the Americas, and internationally. The company operates in two segments, Filtronic Wireless and Filtronic Broadband. It offers E-band and V-band transceiver modules; GaN amplifiers, including point-to-point backhaul radio links and power amplifiers; microwave and millimeter-wave filters and diplexers; E-band power amplifiers; and ultra-high capacity data links.

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