Filtronic (LON:FTC) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Shares of Filtronic plc (LON:FTC) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 208.48 and traded as high as GBX 410. Filtronic shares last traded at GBX 365, with a volume of 3,069,815 shares changing hands.

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 213 target price on shares of Filtronic in a report on Tuesday, April 28th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Filtronic currently has a consensus rating of “Buy” and a consensus target price of GBX 213.

Filtronic Stock Performance

The stock’s 50 day moving average price is GBX 280.03 and its 200-day moving average price is GBX 208.48. 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 capitalization of £802.79 million, a PE ratio of 87.95 and a beta of 0.95.

Insider Transactions at Filtronic

In related news, insider Michael Tyerman sold 240,631 shares of the firm’s stock in a transaction on Thursday, April 9th. The shares were sold at an average price of GBX 205, for a total transaction of £493,293.55. Also, insider Pete Magowan sold 100,000 shares of the firm’s stock in a transaction on Thursday, April 9th. The shares were sold at an average price of GBX 205, for a total transaction of £205,000. Insiders sold a total of 405,782 shares of company stock valued at $85,726,199 over the last three months. Corporate 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.