Filtronic plc (LON:FTC – Get Free Report)’s stock price was down 5.4% during mid-day trading on Monday following insider selling activity. The company traded as low as GBX 225 and last traded at GBX 233. Approximately 1,116,082 shares were traded during trading, a decline of 58% from the average daily volume of 2,651,216 shares. The stock had previously closed at GBX 246.25.
Specifically, insider Nat Edington sold 2,100,000 shares of Filtronic stock in a transaction that occurred on Thursday, October 22nd. The stock was sold at an average price of GBX 250, for a total value of £5,250,000.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 440 target price on shares of Filtronic in a report on Friday, October 2nd. One research analyst has rated the stock with a Buy rating. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of GBX 440.
Get Our Latest Report on Filtronic
Filtronic Stock Down 4.6%
The firm’s 50 day simple moving average is GBX 252.58 and its 200 day simple moving average is GBX 283.31. The company has a market cap of £516.87 million, a price-to-earnings ratio of 132.02 and a beta of 1.02. The company has a quick ratio of 2.13, a current ratio of 1.89 and a debt-to-equity ratio of 13.80.
Filtronic (LON:FTC – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported GBX 2.07 earnings per share (EPS) for the quarter. Filtronic had a return on equity of 11.47% and a net margin of 8.21%. Sell-side analysts anticipate that Filtronic plc will post 3.07 EPS for the current fiscal 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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