Filtronic (LON:FTC) Hits New 1-Year High – Still a Buy?

Filtronic plc (LON:FTC) reached a new 52-week high during trading on Friday . The company traded as high as GBX 197 and last traded at GBX 194, with a volume of 2079052 shares changing hands. The stock had previously closed at GBX 190.

Wall Street Analyst Weigh In

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

Filtronic Stock Up 2.1%

The company’s fifty day simple moving average is GBX 154.02 and its 200-day simple moving average is GBX 144.83. The firm has a market capitalization of £426.69 million, a PE ratio of 32.07 and a beta of 0.87. The company has a debt-to-equity ratio of 20.36, a current ratio of 2.08 and a quick ratio of 2.13.

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.