Filtronic (LON:FTC) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Filtronic plc (LON:FTC)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 145.94 and traded as high as GBX 189. Filtronic shares last traded at GBX 189, with a volume of 792,990 shares trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 196 price objective on shares of Filtronic in a research report on Wednesday, November 12th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 196.

Filtronic Stock Up 3.3%

The company’s 50-day simple moving average is GBX 161.49 and its 200 day simple moving average is GBX 145.81. The company has a debt-to-equity ratio of 20.36, a current ratio of 2.08 and a quick ratio of 2.13. The firm has a market cap of £415.69 million, a P/E ratio of 31.24 and a beta of 0.87.

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.