Filtronic’s (FTC) “Buy” Rating Reaffirmed at Berenberg Bank

Filtronic (LON:FTC)‘s stock had its “buy” rating reissued by stock analysts at Berenberg Bank in a report issued on Friday, Digital Look reports. They presently have a GBX 440 price target on the stock. Berenberg Bank’s price target suggests a potential upside of 43.32% from the stock’s previous close.

Filtronic Stock Up 13.3%

Shares of FTC stock traded up GBX 36 on Friday, hitting GBX 307. The stock had a trading volume of 2,769,664 shares, compared to its average volume of 2,678,490. The company has a quick ratio of 2.13, a current ratio of 1.89 and a debt-to-equity ratio of 13.80. The business has a 50 day moving average price of GBX 243.18 and a 200 day moving average price of GBX 273.67. The company has a market cap of £1.00 billion, a PE ratio of 172.47 and a beta of 1.02. Filtronic has a one year low of GBX 125 and a one year high of GBX 480.

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

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.