Filtronic (LON:FTC) Hits New 1-Year High – Time to Buy?

Filtronic plc (LON:FTC)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 185 and last traded at GBX 184, with a volume of 4490462 shares. The stock had previously closed at GBX 172.50.

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 196 price objective on shares of Filtronic in a research note on Wednesday, November 12th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Filtronic has an average rating of “Buy” and a consensus target price of GBX 196.

Filtronic Stock Performance

The stock’s 50 day moving average price is GBX 145.30 and its 200 day moving average price is GBX 142.95. The company has a current ratio of 2.08, a quick ratio of 2.13 and a debt-to-equity ratio of 20.36. The company has a market cap of £404.70 million, a price-to-earnings ratio of 30.41 and a beta of 0.87.

Filtronic Company Profile

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.