Filtronic (LON:FTC) Hits New 1-Year High – Still a Buy?

Filtronic plc (LON:FTC)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 430 and last traded at GBX 427, with a volume of 1620592 shares trading hands. The stock had previously closed at GBX 410.

Analyst Upgrades and Downgrades

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

Filtronic Price Performance

The company has a market capitalization of £949.67 million, a PE ratio of 104.04 and a beta of 0.95. The company has a current ratio of 2.23, a quick ratio of 2.13 and a debt-to-equity ratio of 16.02. The stock has a fifty day simple moving average of GBX 245.78 and a 200-day simple moving average of GBX 193.29.

Insiders Place Their Bets

In other news, insider Pete Magowan sold 100,000 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 £205,000. Also, insider Michael Tyerman sold 240,631 shares of the company’s stock in a transaction dated Thursday, April 9th. The shares were sold at an average price of GBX 205, for a total value of £493,293.55. Insiders sold 405,782 shares of company stock valued at $85,726,199 in the last ninety days. Insiders own 4.60% of the company’s stock.

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. 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.