Filtronic (LON:FTC) Shares Cross Below Two Hundred Day Moving Average – Should You Sell?

Filtronic plc (LON:FTC) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 263.14 and traded as low as GBX 235. Filtronic shares last traded at GBX 238.20, with a volume of 1,131,252 shares changing hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 440 target price on shares of Filtronic in a research note on Tuesday, August 4th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 440.

Filtronic Stock Performance

The firm’s 50 day simple moving average is GBX 272.45 and its 200 day simple moving average is GBX 263.47. The firm has a market capitalization of £545.90 million, a price-to-earnings ratio of 59.81 and a beta of 1.03. The company has a debt-to-equity ratio of 13.80, a quick ratio of 2.13 and a current ratio of 1.89.

Filtronic (LON:FTC) last released its quarterly earnings data on Tuesday, August 4th. The company reported GBX 2.07 earnings per share for the quarter. Filtronic had a return on equity of 11.47% and a net margin of 8.21%. Sell-side analysts forecast that Filtronic plc will post 3.0730129 earnings per share for the current fiscal 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.