Filtronic (LON:FTC) Shares Pass Above 200 Day Moving Average – Time to Sell?

Filtronic plc (LON:FTC)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 68.50 ($0.87) and traded as high as GBX 75 ($0.95). Filtronic shares last traded at GBX 74 ($0.94), with a volume of 402,095 shares changing hands.

Filtronic Trading Up 0.2 %

The company has a debt-to-equity ratio of 20.36, a quick ratio of 2.13 and a current ratio of 2.08. The firm has a market capitalization of £162.35 million, a P/E ratio of 7,400.00 and a beta of 0.87. The firm has a 50 day moving average price of GBX 70.55 and a two-hundred day moving average price of GBX 68.50.

Insider Activity at Filtronic

In other news, insider Michael Tyerman purchased 5,500 shares of Filtronic stock in a transaction that occurred on Wednesday, October 2nd. The stock was acquired at an average price of GBX 64 ($0.81) per share, for a total transaction of £3,520 ($4,461.91). 38.18% of the stock is currently owned by corporate insiders.

About Filtronic

Filtronic plc designs, develops, manufactures, and sells advanced radio frequency (RF) communications equipment for telecommunications infrastructure, aerospace and defense, critical communications, and space markets. It provides Morpheus II, an E-band transceiver module; Hades, an E-band active diplexer; Cerus, an E-brand power amplifier for long range E-band communications; tower top amplifiers; Orpheus, an ultra-high-capacity turn-key solution for backhaul, fronthaul, and mid haul; switched filter banks; GaN amplifiers; custom filters products, including metal cavity, ceramic, combline, interdigital, lumped element, suspended substrate, waveguide, and thin-film filters; and custom combiner products.