Filtronic plc (LON:FTC – Get Free Report) fell 5.6% during mid-day trading on Wednesday . The company traded as low as GBX 335 and last traded at GBX 340. 1,733,348 shares were traded during mid-day trading, a decline of 42% from the average session volume of 2,981,062 shares. The stock had previously closed at GBX 360.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 213 price objective on shares of Filtronic in a report on Tuesday, April 28th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of GBX 213.
Get Our Latest Stock Analysis on Filtronic
Filtronic Trading Up 7.4%
Insiders Place Their Bets
In other news, insider Michael Tyerman sold 240,631 shares of the firm’s stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of GBX 205, for a total transaction of £493,293.55. Also, insider Pete Magowan sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 9th. The stock was sold at an average price of GBX 205, for a total transaction of £205,000. In the last 90 days, insiders sold 405,782 shares of company stock worth $85,726,199. 4.60% of the stock is currently owned by insiders.
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.
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