Filtronic (LON:FTC – Get Free Report) had its price objective lifted by equities research analysts at Berenberg Bank from GBX 360 to GBX 440 in a research note issued on Tuesday,Digital Look reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price objective points to a potential upside of 31.34% from the company’s current price.
Filtronic Trading Down 11.8%
Shares of Filtronic stock traded down GBX 45 on Tuesday, hitting GBX 335. 2,906,127 shares of the company’s stock traded hands, compared to its average volume of 3,132,840. The firm’s 50-day moving average price is GBX 335.83 and its two-hundred day moving average price is GBX 235.36. The stock has a market capitalization of £736.81 million, a PE ratio of 80.72 and a beta of 1.01. Filtronic has a one year low of GBX 114 and a one year high of GBX 480. The company has a debt-to-equity ratio of 16.02, a current ratio of 2.23 and a quick ratio of 2.13.
Insider Activity at Filtronic
In other Filtronic news, insider Pete Magowan sold 100,000 shares of the stock in a transaction dated 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 stock in a transaction dated Thursday, April 9th. The shares were sold at an average price of GBX 205, for a total value of £493,293.55. Over the last quarter, insiders sold 405,782 shares of company stock worth $85,726,199. 4.50% of the stock is owned by 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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