Filtronic (LON:FTC) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Filtronic plc (LON:FTC) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 135.71 and traded as low as GBX 131.51. Filtronic shares last traded at GBX 132, with a volume of 1,535,274 shares.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank started coverage on shares of Filtronic in a research note on Thursday, October 16th. They issued a “buy” rating and a GBX 196 target price for the company. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of GBX 196.

Filtronic Stock Performance

The stock has a market capitalization of £287.01 million, a price-to-earnings ratio of 21.59 and a beta of 0.87. 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 stock’s 50 day moving average is GBX 134.52 and its two-hundred day moving average is GBX 135.71.

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.