Filtronic (LON:FTC) Insider Sells £493,293.55 in Stock

Filtronic plc (LON:FTCGet Free Report) insider Michael Tyerman sold 240,631 shares of Filtronic stock in a transaction on Thursday, April 9th. The shares were sold at an average price of GBX 205, for a total transaction of £493,293.55.

Filtronic Price Performance

Filtronic stock opened at GBX 200 on Monday. The company’s fifty day moving average price is GBX 193.29 and its 200 day moving average price is GBX 163.77. Filtronic plc has a 1 year low of GBX 81 and a 1 year high of GBX 212. The stock has a market capitalization of £439.89 million, a P/E ratio of 48.19 and a beta of 0.73. The company has a debt-to-equity ratio of 16.02, a quick ratio of 2.13 and a current ratio of 2.23.

Filtronic (LON:FTCGet Free Report) last released its quarterly earnings results on Tuesday, February 3rd. The company reported GBX 1.20 earnings per share (EPS) for the quarter. Filtronic had a net margin of 17.80% and a return on equity of 26.93%. As a group, equities research analysts anticipate that Filtronic plc will post 3.0730129 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 213 price target on shares of Filtronic in a research note on Friday, March 27th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, Filtronic currently has a consensus rating of “Buy” and a consensus target price of GBX 213.

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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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