Filtronic (LON:FTC) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of Filtronic plc (LON:FTC) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 260.43 and traded as high as GBX 262.20. Filtronic shares last traded at GBX 255.50, with a volume of 906,345 shares changing hands.

Wall Street Analyst Weigh In

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

Filtronic Trading Up 0.7%

The company has a quick ratio of 2.13, a current ratio of 1.89 and a debt-to-equity ratio of 13.80. The business’s fifty day moving average is GBX 284.86 and its 200-day moving average is GBX 260.97. The stock has a market capitalization of £591.65 million, a PE ratio of 64.82 and a beta of 1.03.

Filtronic (LON:FTC) last posted its earnings results on Tuesday, August 4th. The company reported GBX 2.07 earnings per share (EPS) for the quarter. Filtronic had a net margin of 8.21% and a return on equity of 11.47%. As a group, analysts anticipate that Filtronic plc will post 3.0730129 EPS for the current fiscal year.

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.