Filtronic (LON:FTC) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Filtronic plc (LON:FTC) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 155.19 and traded as high as GBX 193. Filtronic shares last traded at GBX 190, with a volume of 1,761,688 shares trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 213 target price on shares of Filtronic in a research report on Tuesday, February 3rd. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of GBX 213.

Filtronic Price Performance

The stock has a 50 day moving average of GBX 189.49 and a two-hundred day moving average of GBX 155.19. The company has a debt-to-equity ratio of 16.02, a quick ratio of 2.13 and a current ratio of 2.23. The firm has a market capitalization of £417.89 million, a P/E ratio of 45.78 and a beta of 0.69.

Filtronic (LON:FTC) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported GBX 1.20 EPS for the quarter. Filtronic had a return on equity of 26.93% and a net margin of 17.80%. Sell-side analysts predict that Filtronic plc will post 3.0730129 earnings per share for the current fiscal year.

About Filtronic

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.