Filtronic (LON:FTC) Shares Down 4% – Should You Sell?

Filtronic plc (LON:FTC)’s stock price traded down 4% during mid-day trading on Tuesday . The company traded as low as GBX 215 and last traded at GBX 223.69. 954,162 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 2,774,467 shares. The stock had previously closed at GBX 233.

Analysts Set New Price Targets

Separately, Berenberg Bank restated a “buy” rating and set a GBX 440 price objective on shares of Filtronic in a research note on Tuesday, August 4th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 440.

Filtronic Stock Down 4.0%

The stock’s fifty day simple moving average is GBX 247.46 and its two-hundred day simple moving average is GBX 267.90. 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 company has a market capitalization of £731.05 million, a price-to-earnings ratio of 125.67 and a beta of 1.02.

Filtronic (LON:FTC) last posted its quarterly earnings results 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%. On average, sell-side analysts predict 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.