Filtronic (LON:FTC) Hits New 52-Week High – Here’s What Happened

Shares of Filtronic plc (LON:FTC) hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 170 ($2.30) and last traded at GBX 168 ($2.28), with a volume of 3170660 shares changing hands. The stock had previously closed at GBX 156 ($2.11).

Filtronic Price Performance

The company has a current ratio of 2.08, a quick ratio of 2.13 and a debt-to-equity ratio of 20.36. The firm has a market capitalization of £364.71 million, a price-to-earnings ratio of 115.13 and a beta of 0.87. The company’s 50 day moving average is GBX 112.36 and its 200-day moving average is GBX 100.10.

Insider Transactions at Filtronic

In related news, insider Nat Edington acquired 26,334 shares of the business’s stock in a transaction on Wednesday, April 2nd. The stock was purchased at an average cost of GBX 95 ($1.29) per share, for a total transaction of £25,017.30 ($33,894.19). Also, insider Michael Tyerman sold 4,500 shares of the business’s stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of GBX 77 ($1.04), for a total value of £3,465 ($4,694.49). In the last three months, insiders sold 344,663 shares of company stock worth $38,319,866. 38.18% of the stock is owned by company insiders.

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.