Filtronic (LON:FTC) Insider Jonathan Neale Sells 65,151 Shares

Filtronic plc (LON:FTC) insider Jonathan Neale sold 65,151 shares of the stock in a transaction that occurred on Tuesday, April 21st. The shares were sold at an average price of GBX 244, for a total transaction of £158,968.44.

Filtronic Stock Up 2.0%

Shares of LON FTC opened at GBX 250 on Wednesday. Filtronic plc has a one year low of GBX 91 and a one year high of GBX 251. The company has a debt-to-equity ratio of 16.02, a current ratio of 2.23 and a quick ratio of 2.13. The firm’s 50 day simple moving average is GBX 197.49 and its two-hundred day simple moving average is GBX 168.50. The stock has a market capitalization of £549.86 million, a P/E ratio of 60.24 and a beta of 0.73.

Filtronic (LON:FTC) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported GBX 1.20 EPS for the quarter. Filtronic had a net margin of 17.80% and a return on equity of 26.93%. As a group, analysts expect that Filtronic plc will post 3.0730129 EPS for the current fiscal year.

Analyst Ratings Changes

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