Filtronic (LON:FTC) Sets New 12-Month High – Time to Buy?

Filtronic plc (LON:FTC)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 175 and last traded at GBX 171, with a volume of 2327811 shares. The stock had previously closed at GBX 167.

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 196 price target on shares of Filtronic in a report on Wednesday, November 12th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of GBX 196.

Filtronic Trading Up 2.4%

The company has a debt-to-equity ratio of 20.36, a current ratio of 2.08 and a quick ratio of 2.13. The business has a fifty day moving average of GBX 138.22 and a 200-day moving average of GBX 141.90. The stock has a market capitalization of £376.10 million, a price-to-earnings ratio of 28.26 and a beta of 0.87.

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.