Filtronic (LON:FTC) Trading Down 10.3% – Should You Sell?

Filtronic plc (LON:FTC)’s share price traded down 10.3% during trading on Friday . The company traded as low as GBX 123 ($1.66) and last traded at GBX 131.02 ($1.77). 3,554,084 shares were traded during trading, an increase of 109% from the average session volume of 1,704,343 shares. The stock had previously closed at GBX 146 ($1.98).

Filtronic Price Performance

The company has a debt-to-equity ratio of 20.36, a current ratio of 2.08 and a quick ratio of 2.13. The stock’s 50 day moving average is GBX 107.37 and its two-hundred day moving average is GBX 97.56. The stock has a market capitalization of £294.16 million, a PE ratio of 92.86 and a beta of 0.87.

Insider Activity

In other news, insider Michael Tyerman sold 4,500 shares of the business’s stock in a transaction dated Monday, April 7th. The stock was sold at an average price of GBX 77 ($1.04), for a total value of £3,465 ($4,687.50). Also, insider Nat Edington bought 26,334 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was purchased at an average cost of GBX 95 ($1.29) per share, with a total value of £25,017.30 ($33,843.75). In the last quarter, insiders sold 344,663 shares of company stock worth $38,319,866. Corporate insiders own 38.18% of the company’s stock.

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.