Filtronic (LON:FTC) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Filtronic plc (LON:FTC)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 135.71 and traded as low as GBX 131.51. Filtronic shares last traded at GBX 132, with a volume of 1,535,274 shares.

Wall Street Analyst Weigh In

Separately, Berenberg Bank initiated coverage on shares of Filtronic in a research note on Thursday, October 16th. They set a “buy” rating and a GBX 196 price objective for the company. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of GBX 196.

Filtronic Stock Performance

The company has a debt-to-equity ratio of 20.36, a quick ratio of 2.13 and a current ratio of 2.08. The stock’s fifty day moving average price is GBX 134.52 and its 200-day moving average price is GBX 135.71. The company has a market capitalization of £287.01 million, a P/E ratio of 21.59 and a beta of 0.87.

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.