Filtronic (LON:FTC) Hits New 12-Month High – Still a Buy?

Filtronic plc (LON:FTC) shares hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 210 and last traded at GBX 206, with a volume of 2267492 shares. The stock had previously closed at GBX 205.

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 213 price target on shares of Filtronic in a report on Friday, March 27th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of GBX 213.

Filtronic Trading Up 0.5%

The firm has a 50 day moving average of GBX 192.13 and a 200 day moving average of GBX 162.12. The firm has a market cap of £453.08 million, a PE ratio of 49.64 and a beta of 0.69. The company has a quick ratio of 2.13, a current ratio of 2.23 and a debt-to-equity ratio of 16.02.

Filtronic (LON:FTC) last released its earnings results on Tuesday, February 3rd. The company reported GBX 1.20 earnings per share (EPS) for the quarter. Filtronic had a return on equity of 26.93% and a net margin of 17.80%. Equities analysts anticipate that Filtronic plc will post 3.0730129 earnings per share for the current 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.