Filtronic (LON:FTC) Stock Price Up 4.5% – Should You Buy?

Filtronic plc (LON:FTC)’s share price was up 4.5% during mid-day trading on Friday . The company traded as high as GBX 390 and last traded at GBX 381.50. Approximately 1,104,561 shares changed hands during trading, a decline of 63% from the average daily volume of 2,977,638 shares. The stock had previously closed at GBX 365.

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a “buy” rating and set a GBX 213 price target on shares of Filtronic in a research note on Tuesday, April 28th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of GBX 213.

Filtronic Stock Up 6.6%

The company has a debt-to-equity ratio of 16.02, a current ratio of 2.23 and a quick ratio of 2.13. The firm has a market capitalization of £855.58 million, a PE ratio of 93.73 and a beta of 0.95. The company has a 50-day moving average price of GBX 280.03 and a 200 day moving average price of GBX 208.48.

Insiders Place Their Bets

In other Filtronic news, insider Pete Magowan sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, April 9th. The stock was sold at an average price of GBX 205, for a total value of £205,000. Also, insider Michael Tyerman sold 240,631 shares of the company’s stock in a transaction that occurred on Thursday, April 9th. The stock was sold at an average price of GBX 205, for a total value of £493,293.55. Insiders sold 405,782 shares of company stock worth $85,726,199 in the last three months. 4.60% of the stock is owned by company insiders.

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.