Filtronic (LON:FTC) Trading 8.4% Higher – Should You Buy?

Filtronic plc (LON:FTC) shares traded up 8.4% on Wednesday . The company traded as high as GBX 240 and last traded at GBX 233. 1,768,201 shares were traded during mid-day trading, a decline of 36% from the average session volume of 2,768,845 shares. The stock had previously closed at GBX 215.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 440 price objective on shares of Filtronic in a research report on Tuesday, August 4th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of GBX 440.

Filtronic Stock Performance

The company has a debt-to-equity ratio of 13.80, a quick ratio of 2.13 and a current ratio of 1.89. The company has a market cap of £761.49 million, a price-to-earnings ratio of 130.90 and a beta of 1.02. The company has a fifty day moving average of GBX 246.79 and a two-hundred day moving average of GBX 268.07.

Filtronic (LON:FTC) last issued its quarterly earnings data on Tuesday, August 4th. The company reported GBX 2.07 earnings per share for the quarter. Filtronic had a return on equity of 11.47% and a net margin of 8.21%. Equities research analysts anticipate that Filtronic plc 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.