Filtronic (LON:FTC) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Filtronic plc (LON:FTC) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 145.94 and traded as high as GBX 189. Filtronic shares last traded at GBX 189, with a volume of 792,990 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 196 price objective on shares of Filtronic in a research note on Wednesday, November 12th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Filtronic currently has a consensus rating of “Buy” and an average target price of GBX 196.

Filtronic Trading Up 3.3%

The company has a debt-to-equity ratio of 20.36, a quick ratio of 2.13 and a current ratio of 2.08. The firm has a market cap of £415.69 million, a price-to-earnings ratio of 31.24 and a beta of 0.87. The business has a fifty day simple moving average of GBX 161.49 and a 200-day simple moving average of GBX 145.94.

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.