Filtronic (LON:FTC) Reaches New 12-Month High – Here’s Why

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

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 213 target price on shares of Filtronic in a research note on Tuesday, April 28th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, Filtronic presently has an average rating of “Buy” and an average target price of GBX 213.

Filtronic Stock Up 1.3%

The company has a quick ratio of 2.13, a current ratio of 2.23 and a debt-to-equity ratio of 16.02. The stock has a market cap of £1.04 billion, a price-to-earnings ratio of 114.46 and a beta of 0.95. The business’s fifty day moving average is GBX 256.40 and its two-hundred day moving average is GBX 197.70.

Insider Activity at Filtronic

In related news, insider Pete Magowan sold 100,000 shares of Filtronic stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of GBX 205, for a total value of £205,000. Also, insider Jonathan Neale sold 65,151 shares of Filtronic stock in a transaction that occurred on Tuesday, April 21st. The shares were sold at an average price of GBX 244, for a total transaction of £158,968.44. Over the last quarter, insiders sold 405,782 shares of company stock worth $85,726,199. Corporate insiders own 4.60% of the company’s stock.

About Filtronic

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.