Filtronic plc (LON:FTC – Get Free Report)’s share price fell 5.6% during mid-day trading on Wednesday . The stock traded as low as GBX 335 and last traded at GBX 340. 1,733,348 shares traded hands during mid-day trading, a decline of 42% from the average session volume of 2,981,062 shares. The stock had previously closed at GBX 360.
Analyst Upgrades and Downgrades
Separately, Berenberg Bank reissued a “buy” rating and set a GBX 213 price objective on shares of Filtronic in a research report on Tuesday, April 28th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of GBX 213.
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Filtronic Stock Performance
Insider Activity
In other Filtronic news, insider Pete Magowan sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 9th. The stock was sold at an average price of GBX 205, for a total value of £205,000. Also, insider Jonathan Neale sold 65,151 shares of the firm’s stock in a transaction that occurred on Tuesday, April 21st. The shares were sold at an average price of GBX 244, for a total value of £158,968.44. In the last quarter, insiders have sold 405,782 shares of company stock valued at $85,726,199. Insiders own 4.60% 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.
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