Filtronic (LON:FTC) Given “Buy” Rating at Berenberg Bank

Berenberg Bank restated their buy rating on shares of Filtronic (LON:FTC) in a research note issued to investors on Wednesday, MarketBeat reports. Berenberg Bank currently has a GBX 196 price target on the stock.

Filtronic Stock Performance

Shares of LON:FTC traded down GBX 1 during trading on Wednesday, reaching GBX 130. 322,385 shares of the stock were exchanged, compared to its average volume of 1,541,612. The firm has a market cap of £285.69 million, a PE ratio of 21.49 and a beta of 0.87. The stock has a 50-day moving average price of GBX 132.93 and a 200-day moving average price of GBX 137.14. The company has a current ratio of 2.08, a quick ratio of 2.13 and a debt-to-equity ratio of 20.36. Filtronic has a 12 month low of GBX 67.50 and a 12 month high of GBX 175.

Filtronic Company Profile

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.