Filtronic (LON:FTC) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Filtronic plc (LON:FTCGet Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 185.89 and traded as high as GBX 380. Filtronic shares last traded at GBX 380, with a volume of 5,384,975 shares trading hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 213 price objective on shares of Filtronic in a research note on Tuesday, April 28th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of GBX 213.

Get Our Latest Stock Report on Filtronic

Filtronic Price Performance

The firm has a fifty day simple moving average of GBX 229.23 and a 200 day simple moving average of GBX 185.89. The company has a market capitalization of £789.16 million, a PE ratio of 86.46 and a beta of 0.95. The company has a debt-to-equity ratio of 16.02, a quick ratio of 2.13 and a current ratio of 2.23.

Insider Buying and Selling at Filtronic

In other news, insider Pete Magowan sold 100,000 shares of the firm’s stock in a transaction on Thursday, April 9th. The stock was sold at an average price of GBX 205, for a total value of £205,000. Also, insider Michael Tyerman sold 240,631 shares of the firm’s stock in a transaction on Thursday, April 9th. The stock was sold at an average price of GBX 205, for a total value of £493,293.55. In the last 90 days, insiders have sold 405,782 shares of company stock valued at $85,726,199. 4.60% of the stock is currently owned by corporate insiders.

Filtronic Company Profile

(Get Free Report)

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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