Filtronic (LON:FTC) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Filtronic plc (LON:FTC)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 99.72 ($1.35) and traded as high as GBX 158 ($2.15). Filtronic shares last traded at GBX 156 ($2.12), with a volume of 1,789,633 shares changing hands.

Filtronic Price Performance

The company has a market cap of £338.66 million, a price-to-earnings ratio of 106.90 and a beta of 0.87. The company has a quick ratio of 2.13, a current ratio of 2.08 and a debt-to-equity ratio of 20.36. The company’s fifty day moving average price is GBX 112.36 and its two-hundred day moving average price is GBX 99.92.

Insider Buying and Selling

In other news, insider Michael Tyerman sold 4,500 shares of the stock in a transaction dated Monday, April 7th. The shares were sold at an average price of GBX 77 ($1.05), for a total value of £3,465 ($4,704.68). Also, insider Nat Edington acquired 26,334 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The stock was bought at an average cost of GBX 95 ($1.29) per share, for a total transaction of £25,017.30 ($33,967.82). Over the last 90 days, insiders sold 344,663 shares of company stock worth $38,319,866. 38.18% of the stock is owned by insiders.

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.