Filtronic (LON:FTC) Stock Jumps 8.2% – Should You Buy?

Filtronic plc (LON:FTC) traded up 8.2% during trading on Thursday. The company traded as high as GBX 263 and last traded at GBX 257. 3,469,079 shares changed hands during mid-day trading, an increase of 29% from the average daily volume of 2,692,860 shares. The stock had previously closed at GBX 237.50.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 440 target price on shares of Filtronic in a research note on Friday. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Filtronic currently has an average rating of “Buy” and a consensus price target of GBX 440.

Filtronic Stock Performance

The company has a debt-to-equity ratio of 13.80, a current ratio of 1.89 and a quick ratio of 2.13. The firm has a market capitalization of £875.14 million, a PE ratio of 150.43 and a beta of 1.02. The firm has a fifty day moving average price of GBX 243.06 and a 200 day moving average price of GBX 272.45.

Filtronic (LON:FTC) last issued its quarterly earnings results on Tuesday, August 4th. The company reported GBX 2.07 earnings per share for the quarter. Filtronic had a return on equity of 11.47% and a net margin of 8.21%. Research analysts anticipate that Filtronic plc will post 3.0730129 earnings per share for the current fiscal year.

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.