Filtronic (LON:FTC) Trading Up 9.7% – Still a Buy?

Shares of Filtronic plc (LON:FTC) traded up 9.7% during mid-day trading on Wednesday . The stock traded as high as GBX 260 and last traded at GBX 246.72. 2,601,595 shares traded hands during trading, a decline of 7% from the average daily volume of 2,801,687 shares. The stock had previously closed at GBX 225.

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 440 target price on shares of Filtronic in a report on Tuesday, August 4th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Filtronic has an average rating of “Buy” and a consensus price target of GBX 440.

Filtronic Stock Up 17.8%

The firm has a market capitalization of £866.07 million, a price-to-earnings ratio of 148.88 and a beta of 1.03. The company has a debt-to-equity ratio of 13.80, a current ratio of 1.89 and a quick ratio of 2.13. The stock has a fifty day moving average of GBX 248.75 and a two-hundred day moving average of GBX 266.58.

Filtronic (LON:FTC) last announced its earnings results on Tuesday, August 4th. The company reported GBX 2.07 EPS for the quarter. Filtronic had a return on equity of 11.47% and a net margin of 8.21%. Sell-side analysts anticipate that Filtronic plc 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.