Filtronic (LON:FTC) Stock Falls 8.5% – Should You Sell?

Filtronic plc (LON:FTC) shares dropped 8.5% on Tuesday. The stock traded as low as GBX 265 and last traded at GBX 268. 1,021,201 shares were traded during mid-day trading, a decline of 62% from the average session volume of 2,659,014 shares. The stock had previously closed at GBX 293.

Analyst Ratings Changes

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 440 target price on shares of Filtronic in a research note on Friday, October 2nd. One investment analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, Filtronic currently has an average rating of “Buy” and an average price target of GBX 440.

Filtronic Trading Down 8.5%

The company has a current ratio of 1.89, a quick ratio of 2.13 and a debt-to-equity ratio of 13.80. The company has a market cap of £589.45 million, a price-to-earnings ratio of 150.56 and a beta of 1.02. The firm has a 50-day moving average price of GBX 250.01 and a 200 day moving average price of GBX 278.78.

Filtronic (LON:FTC) last posted its quarterly earnings results on Tuesday, August 4th. The company reported GBX 2.07 earnings per share (EPS) for the quarter. Filtronic had a return on equity of 11.47% and a net margin of 8.21%. As a group, sell-side analysts forecast that Filtronic plc will post 3.07 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.