Filtronic (LON:FTC) Stock Passes Above 200-Day Moving Average – Time to Sell?

Filtronic plc (LON:FTC) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 157.08 and traded as high as GBX 188. Filtronic shares last traded at GBX 182.56, with a volume of 562,925 shares changing hands.

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 213 price target on shares of Filtronic in a research report on Tuesday, February 3rd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Filtronic presently has an average rating of “Buy” and an average price target of GBX 213.

Filtronic Stock Performance

The stock’s 50-day moving average is GBX 191.22 and its 200 day moving average is GBX 157.08. The stock has a market cap of £401.52 million, a price-to-earnings ratio of 43.99 and a beta of 0.69. The company has a debt-to-equity ratio of 16.02, a current ratio of 2.23 and a quick ratio of 2.13.

Filtronic (LON:FTC) last released its earnings results on Tuesday, February 3rd. The company reported GBX 1.20 earnings per share (EPS) for the quarter. Filtronic had a return on equity of 26.93% and a net margin of 17.80%. As a group, 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.