Filtronic (LON:FTC) Reaches New 52-Week High – What’s Next?

Shares of Filtronic plc (LON:FTC) reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 185 and last traded at GBX 184, with a volume of 4490462 shares. The stock had previously closed at GBX 172.50.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 196 price target on shares of Filtronic in a research report on Wednesday, November 12th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 196.

Filtronic Trading Up 6.7%

The firm’s 50 day simple moving average is GBX 145.30 and its 200-day simple moving average is GBX 142.95. The company has a market capitalization of £404.70 million, a PE ratio of 30.41 and a beta of 0.87. The company has a quick ratio of 2.13, a current ratio of 2.08 and a debt-to-equity ratio of 20.36.

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.