Filtronic (LON:FTC) Reaches New 1-Year High – Time to Buy?

Shares of Filtronic plc (LON:FTC) reached a new 52-week high during trading on Monday . The company traded as high as GBX 302 and last traded at GBX 297.13, with a volume of 1968688 shares changing hands. The stock had previously closed at GBX 296.

Analyst Upgrades and Downgrades

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

Filtronic Trading Down 0.2%

The firm has a market capitalization of £650.05 million, a price-to-earnings ratio of 71.22 and a beta of 0.73. The business has a 50-day moving average of GBX 202.52 and a two-hundred day moving average of GBX 171.67. The company has a quick ratio of 2.13, a current ratio of 2.23 and a debt-to-equity ratio of 16.02.

Filtronic (LON:FTC) last issued its 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%. Research analysts predict that Filtronic plc will post 3.0730129 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Pete Magowan sold 100,000 shares of Filtronic stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of GBX 205, for a total value of £205,000. Also, insider Michael Tyerman sold 240,631 shares of Filtronic stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of GBX 205, for a total value of £493,293.55. Insiders sold a total of 405,782 shares of company stock worth $85,726,199 over the last three months. 4.60% of the stock is currently owned by company insiders.

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.