Filtronic (LON:FTC) Insider Pete Magowan Sells 100,000 Shares

Filtronic plc (LON:FTC) insider Pete Magowan sold 100,000 shares of the company’s stock in a transaction on Thursday, April 9th. The stock was sold at an average price of GBX 205, for a total value of £205,000.

Filtronic Stock Down 2.0%

Shares of FTC opened at GBX 200 on Friday. Filtronic plc has a 52 week low of GBX 81 and a 52 week high of GBX 212. The stock 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 stock has a fifty day moving average of GBX 193.29 and a 200-day moving average of GBX 163.29.

Filtronic (LON:FTC) last announced its quarterly earnings results 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%. As a group, sell-side analysts anticipate that Filtronic plc will post 3.0730129 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 213 price target on shares of Filtronic in a research note on Friday, March 27th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Filtronic currently has an average 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.