Filtronic plc (LON:FTC – Get Free Report) insider Nat Edington sold 2,100,000 shares of the business’s stock in a transaction that occurred on Thursday, October 22nd. The stock was sold at an average price of GBX 250, for a total transaction of £5,250,000.
Filtronic Trading Up 0.0%
LON:FTC opened at GBX 255.10 on Friday. The stock has a market capitalization of £561.07 million, a price-to-earnings ratio of 143.31 and a beta of 1.02. The firm has a fifty day simple moving average of GBX 252.78 and a two-hundred day simple moving average of GBX 283.02. Filtronic plc has a 12 month low of GBX 125 and a 12 month high of GBX 480. The company has a current ratio of 1.89, a quick ratio of 2.13 and a debt-to-equity ratio of 13.80.
Filtronic (LON:FTC – Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported GBX 2.07 EPS for the quarter. Filtronic had a net margin of 8.21% and a return on equity of 11.47%. Analysts expect that Filtronic plc will post 3.07 EPS for the current fiscal year.
Analysts Set New Price Targets
Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 440 price objective on shares of Filtronic in a research report on Friday, October 2nd. One analyst has rated the stock with a Buy rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of GBX 440.
Read Our Latest Stock Report on Filtronic
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.
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