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

Filtronic plc (LON:FTC)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 175 and last traded at GBX 171, with a volume of 2327811 shares traded. The stock had previously closed at GBX 167.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 196 target price on shares of Filtronic in a research report on Wednesday, November 12th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of GBX 196.

Filtronic Stock Performance

The company has a quick ratio of 2.13, a current ratio of 2.08 and a debt-to-equity ratio of 20.36. The stock has a fifty day moving average price of GBX 138.22 and a 200-day moving average price of GBX 141.90. The firm has a market cap of £376.10 million, a price-to-earnings ratio of 28.26 and a beta of 0.87.

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.