Filtronic (LON:FTC) Stock Price Up 4.5% – Should You Buy?

Filtronic plc (LON:FTC)’s share price traded up 4.5% during trading on Thursday . The company traded as high as GBX 305 and last traded at GBX 300. 5,556,060 shares were traded during mid-day trading, an increase of 82% from the average session volume of 3,048,455 shares. The stock had previously closed at GBX 287.

Analyst Ratings Changes

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

Filtronic Trading Up 8.0%

The stock has a market cap of £681.82 million, a price-to-earnings ratio of 74.70 and a beta of 0.95. The business’s fifty day simple moving average is GBX 295 and its 200 day simple moving average is GBX 214.90. The company has a debt-to-equity ratio of 16.02, a current ratio of 2.23 and a quick ratio of 2.13.

Insider Activity

In other news, insider Michael Tyerman sold 240,631 shares of the business’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 business’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. Over the last quarter, insiders sold 405,782 shares of company stock valued at $85,726,199. 4.60% of the stock is currently owned by company insiders.

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.