Shares of Filtronic plc (LON:FTC – Get Free Report) rose 4.5% on Thursday . The company traded as high as GBX 305 and last traded at GBX 300. Approximately 5,556,060 shares changed hands during trading, an increase of 82% from the average daily volume of 3,048,455 shares. The stock had previously closed at GBX 287.
Analysts Set New Price Targets
Separately, Berenberg Bank reissued a “buy” rating and set a GBX 213 price target on shares of Filtronic in a research report on Tuesday, April 28th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of GBX 213.
Read Our Latest Stock Analysis on FTC
Filtronic Price Performance
Insider Transactions at Filtronic
In other news, insider Michael Tyerman sold 240,631 shares of the firm’s stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of GBX 205, for a total transaction of £493,293.55. Also, insider Jonathan Neale sold 65,151 shares of Filtronic stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of GBX 244, for a total transaction of £158,968.44. Over the last quarter, insiders 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
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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