Filtronic (LON:FTC) Shares Down 4% – Here’s Why

Filtronic plc (LON:FTC – Get Free Report) shares dropped 4% during mid-day trading on Tuesday . The stock traded as low as GBX 215 and last traded at GBX 223.69. Approximately 954,162 shares traded hands during 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 reaffirmed a “buy” rating and issued a GBX 440 price objective on shares of Filtronic in a research report on Tuesday, August 4th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of GBX 440.

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Filtronic Stock Up 2.6%

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 business’s fifty day moving average price is GBX 246.45 and its two-hundred day moving average price is GBX 268.31. The stock has a market capitalization of £781.10 million, a PE ratio of 134.27 and a beta of 1.02.

Filtronic (LON:FTC – Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported GBX 2.07 earnings per share (EPS) for the quarter. Filtronic had a return on equity of 11.47% and a net margin of 8.21%. On average, equities research analysts forecast that Filtronic plc will post 3.0730129 EPS for the current fiscal year.

Filtronic Company Profile

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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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