Filtronic (LON:FTC) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Shares of Filtronic plc (LON:FTC) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 71.56 ($0.90) and traded as high as GBX 78 ($0.98). Filtronic shares last traded at GBX 76.34 ($0.96), with a volume of 150,598 shares.

Filtronic Trading Up 1.3 %

The company has a debt-to-equity ratio of 20.36, a current ratio of 2.08 and a quick ratio of 2.13. The stock’s 50-day moving average is GBX 72.45 and its two-hundred day moving average is GBX 71.67. The company has a market cap of £170.73 million, a P/E ratio of 7,800.00 and a beta of 0.87.

Insider Activity

In other Filtronic news, insider Michael Tyerman acquired 5,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were bought at an average price of GBX 64 ($0.81) per share, with a total value of £3,520 ($4,429.34). Insiders own 38.18% of the company’s stock.

Filtronic Company Profile

Filtronic plc designs, develops, manufactures, and sells advanced radio frequency (RF) communications equipment for telecommunications infrastructure, aerospace and defense, critical communications, and space markets. It provides Morpheus II, an E-band transceiver module; Hades, an E-band active diplexer; Cerus, an E-brand power amplifier for long range E-band communications; tower top amplifiers; Orpheus, an ultra-high-capacity turn-key solution for backhaul, fronthaul, and mid haul; switched filter banks; GaN amplifiers; custom filters products, including metal cavity, ceramic, combline, interdigital, lumped element, suspended substrate, waveguide, and thin-film filters; and custom combiner products.