Filtronic (LON:FTC) Insider Michael Tyerman Sells 240,631 Shares

Filtronic plc (LON:FTC) insider Michael Tyerman sold 240,631 shares of the stock in a transaction on Thursday, April 9th. The shares were sold at an average price of GBX 205, for a total value of £493,293.55.

Filtronic Stock Down 2.0%

Shares of FTC opened at GBX 200 on Friday. The firm has a market capitalization of £439.89 million, a price-to-earnings ratio of 48.19 and a beta of 0.73. 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 business’s fifty day moving average price is GBX 193.29 and its two-hundred day moving average price is GBX 163.29. Filtronic plc has a 52 week low of GBX 81 and a 52 week high of GBX 212.

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

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 213 price objective on shares of Filtronic in a research note on Friday, March 27th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Filtronic has a consensus rating of “Buy” and a consensus price target of GBX 213.

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.