Filtronic (LON:FTC) Hits New 12-Month High – Still a Buy?

Shares of Filtronic plc (LON:FTC) hit a new 52-week high on Thursday . The company traded as high as GBX 203 and last traded at GBX 194.40, with a volume of 3522979 shares changing hands. The stock had previously closed at GBX 186.

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a “buy” rating and set a GBX 213 price objective on shares of Filtronic in a research note on Tuesday. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of GBX 213.

Filtronic Stock Up 4.5%

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 cap of £427.57 million, a price-to-earnings ratio of 32.13 and a beta of 0.87. The firm’s 50 day simple moving average is GBX 165.11 and its two-hundred day simple moving average is GBX 146.29.

Filtronic (LON:FTC) last issued its earnings results on Tuesday, February 3rd. The company reported GBX 1.20 EPS for the quarter. Filtronic had a return on equity of 24.34% and a net margin of 12.35%. On average, equities analysts forecast 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.