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

Filtronic plc (LON:FTC)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 120 ($1.60) and last traded at GBX 119 ($1.58), with a volume of 1696764 shares. The stock had previously closed at GBX 118 ($1.57).

Filtronic Trading Up 0.8 %

The firm’s 50 day moving average price is GBX 100.67 and its 200-day moving average price is GBX 90.16. The company has a debt-to-equity ratio of 20.36, a current ratio of 2.08 and a quick ratio of 2.13. The stock has a market cap of £258.34 million, a P/E ratio of 81.55 and a beta of 0.87.

Insider Activity at Filtronic

In related news, insider Nat Edington purchased 26,334 shares of Filtronic stock in a transaction dated Wednesday, April 2nd. The stock was purchased at an average cost of GBX 95 ($1.26) per share, for a total transaction of £25,017.30 ($33,280.96). Also, insider Michael Tyerman sold 336,000 shares of the stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of GBX 112 ($1.49), for a total transaction of £376,320 ($500,625.25). In the last three months, insiders have sold 344,663 shares of company stock valued at $38,319,866. 38.18% of the stock is owned by corporate insiders.

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.