Filtronic (LON:FTC) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Filtronic plc (LON:FTC) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 150.27 and traded as high as GBX 203. Filtronic shares last traded at GBX 201, with a volume of 944,163 shares.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 213 price target on shares of Filtronic in a report on Tuesday, February 3rd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 213.

Filtronic Trading Down 0.5%

The company has a current ratio of 2.08, a quick ratio of 2.13 and a debt-to-equity ratio of 20.36. The firm’s 50-day moving average is GBX 180.17 and its 200 day moving average is GBX 150.31. The firm has a market capitalization of £442.09 million, a price-to-earnings ratio of 33.22 and a beta of 0.87.

Filtronic (LON:FTC) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported GBX 1.20 EPS for the quarter. Filtronic had a net margin of 12.35% and a return on equity of 24.34%. On average, equities analysts predict that Filtronic plc 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.