Filtronic (LON:FTC) Stock Keeps Buy Rating at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Filtronic (LON:FTC) in a research report sent to investors on Friday,Digital Look reports. Berenberg Bank currently has a GBX 440 price target on the stock.

Filtronic Trading Up 1.0%

Shares of LON:FTC opened at GBX 227.25 on Friday. The company has a debt-to-equity ratio of 13.80, a quick ratio of 2.13 and a current ratio of 1.89. The stock has a market capitalization of £499.82 million, a price-to-earnings ratio of 127.67 and a beta of 0.97. The stock’s 50-day simple moving average is GBX 251.28 and its two-hundred day simple moving average is GBX 255.15. Filtronic has a 52-week low of GBX 125 and a 52-week high of GBX 480.

Filtronic (LON:FTC) last announced its earnings results on Tuesday, August 4th. The company reported GBX 2.07 earnings per share (EPS) for the quarter. Filtronic had a net margin of 8.21% and a return on equity of 11.47%. Analysts expect that Filtronic will post 3.07 EPS for the current year.

Insider Activity

In related news, insider Nat Edington sold 2,100,000 shares of the stock in a transaction that occurred on Thursday, October 22nd. The shares were sold at an average price of GBX 250, for a total value of £5,250,000. Company insiders own 3.03% of the company’s stock.

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.