Shares of Filtronic plc (LON:FTC – Get Free Report) were up 13.9% during mid-day trading on Friday. The stock traded as high as GBX 380.85 and last traded at GBX 286. Approximately 1,946,404 shares were traded during trading, a decline of 26% from the average daily volume of 2,643,416 shares. The stock had previously closed at GBX 251.
Analyst Ratings Changes
Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 440 target price on shares of Filtronic in a report on Friday, October 2nd. One analyst has rated the stock with a Buy rating. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of GBX 440.
View Our Latest Report on Filtronic
Filtronic Stock Up 13.9%
The company has a quick ratio of 2.13, a current ratio of 1.89 and a debt-to-equity ratio of 13.80. The company’s fifty day moving average is GBX 251.65 and its 200-day moving average is GBX 280.50. The company has a market cap of £629.04 million, a PE ratio of 160.67 and a beta of 1.02.
Filtronic (LON:FTC – Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported GBX 2.07 earnings per share for the quarter. Filtronic had a return on equity of 11.47% and a net margin of 8.21%. On average, analysts predict that Filtronic plc will post 3.07 EPS for the current year.
About Filtronic
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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