Filtronic (LON:FTC) Stock Price Up 9.7% – Should You Buy?

Filtronic plc (LON:FTC) shot up 9.7% during mid-day trading on Wednesday . The stock traded as high as GBX 260 and last traded at GBX 246.72. Approximately 2,601,595 shares were traded during mid-day trading, a decline of 7% from the average session volume of 2,801,687 shares. The stock had previously closed at GBX 225.

Analysts Set New Price Targets

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

Filtronic Stock Performance

The business has a fifty day moving average of GBX 248.02 and a 200 day moving average of GBX 267.35. The company has a market cap of £800.71 million, a P/E ratio of 137.64 and a beta of 1.03. The company has a quick ratio of 2.13, a current ratio of 1.89 and a debt-to-equity ratio of 13.80.

Filtronic (LON:FTC) last released its quarterly earnings results on Tuesday, August 4th. The company reported GBX 2.07 earnings per share for the quarter. Filtronic had a net margin of 8.21% and a return on equity of 11.47%. On average, equities analysts predict that Filtronic plc will post 3.0730129 EPS for the current 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.