Filtronic (LON:FTC) Receives Buy Rating from Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Filtronic (LON:FTC) in a research note released on Tuesday, MarketBeat.com reports. They currently have a GBX 213 price target on the stock.

Filtronic Trading Up 1.6%

FTC opened at GBX 186 on Tuesday. Filtronic has a 12 month low of GBX 72 and a 12 month high of GBX 197. The company has a current ratio of 2.08, a quick ratio of 2.13 and a debt-to-equity ratio of 20.36. The stock has a 50-day moving average of GBX 163.82 and a 200 day moving average of GBX 145.95. The firm has a market cap of £409.09 million, a P/E ratio of 30.74 and a beta of 0.87.

Filtronic (LON:FTC) last released its 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 24.34% and a net margin of 12.35%. As a group, research analysts forecast that Filtronic will post 3.0730129 EPS for the current year.

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.