Filtronic (LON:FTC) Shares Up 11.2% – Still a Buy?

Filtronic plc (LON:FTC) traded up 11.2% during trading on Tuesday . The stock traded as high as GBX 290 and last traded at GBX 278. 6,044,822 shares were traded during mid-day trading, an increase of 82% from the average session volume of 3,319,876 shares. The stock had previously closed at GBX 250.

Analyst Ratings Changes

Separately, Berenberg Bank upped their target price on shares of Filtronic from GBX 360 to GBX 440 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of GBX 440.

Filtronic Stock Performance

The stock has a market capitalization of £611.44 million, a PE ratio of 66.99 and a beta of 1.01. The stock has a fifty day moving average of GBX 343.87 and a 200-day moving average of GBX 240.62. The company has a quick ratio of 2.13, a current ratio of 2.23 and a debt-to-equity ratio of 16.02.

Insider Buying and Selling at Filtronic

In other news, insider Pete Magowan sold 100,000 shares of the business’s stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of GBX 205, for a total transaction of £205,000. Also, insider Michael Tyerman sold 240,631 shares of the company’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 £493,293.55. Insiders have sold 405,782 shares of company stock valued at $85,726,199 in the last quarter. Corporate insiders own 4.50% of the company’s stock.

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.