Filtronic (LON:FTC) Given “Buy” Rating at Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of Filtronic (LON:FTC) in a research note released on Friday morning,London Stock Exchange reports. Berenberg Bank currently has a GBX 213 price objective on the stock.

Filtronic Stock Up 2.2%

Filtronic stock opened at GBX 187.10 on Friday. Filtronic has a fifty-two week low of GBX 72 and a fifty-two week high of GBX 209. The company has a debt-to-equity ratio of 16.02, a quick ratio of 2.13 and a current ratio of 2.23. The firm has a 50 day moving average price of GBX 190.21 and a 200 day moving average price of GBX 158.69. The company has a market capitalization of £411.51 million, a PE ratio of 45.08 and a beta of 0.69.

Filtronic (LON:FTC) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported GBX 1.20 earnings per share (EPS) for the quarter. Filtronic had a net margin of 17.80% and a return on equity of 26.93%. Research analysts expect that Filtronic will post 3.0730129 earnings per share for the current year.

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.