Filtronic (LON:FTC) Sets New 12-Month High – What’s Next?

Filtronic plc (LON:FTC) hit a new 52-week high during trading on Thursday . The company traded as high as GBX 203 and last traded at GBX 194.40, with a volume of 3522979 shares traded. The stock had previously closed at GBX 186.

Analysts Set New Price Targets

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

Filtronic Stock Performance

The stock has a market capitalization of £427.57 million, a price-to-earnings ratio of 32.13 and a beta of 0.87. The company’s 50-day simple moving average is GBX 165.11 and its 200-day simple moving average is GBX 146.29. The company has a current ratio of 2.08, a quick ratio of 2.13 and a debt-to-equity ratio of 20.36.

Filtronic (LON:FTC) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported GBX 1.20 earnings per share (EPS) for the quarter. Filtronic had a return on equity of 24.34% and a net margin of 12.35%. On average, analysts expect that Filtronic plc will post 3.0730129 EPS 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.