Filtronic plc (LON:FTC – Get Free Report) insider Nat Edington sold 2,100,000 shares of the firm’s stock in a transaction dated Thursday, October 22nd. The shares were sold at an average price of GBX 250, for a total value of £5,250,000.
Filtronic Stock Down 3.4%
Shares of LON:FTC opened at GBX 246.25 on Monday. The firm has a market cap of £541.61 million, a PE ratio of 138.34 and a beta of 1.02. The company has a fifty day simple moving average of GBX 252.58 and a 200 day simple moving average of GBX 283.31. The company has a current ratio of 1.89, a quick ratio of 2.13 and a debt-to-equity ratio of 13.80. Filtronic plc has a 12-month low of GBX 125 and a 12-month high of GBX 480.
Filtronic (LON:FTC – Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported GBX 2.07 EPS for the quarter. Filtronic had a return on equity of 11.47% and a net margin of 8.21%. On average, equities research analysts anticipate that Filtronic plc will post 3.07 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 440 target price on shares of Filtronic in a research report on Friday, October 2nd. One investment analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of GBX 440.
Check Out Our Latest Stock Analysis on Filtronic
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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