Filtronic (LON:FTC) Shares Up 9.7% – Time to Buy?

Filtronic plc (LON:FTC) shares rose 9.7% during trading on Wednesday . The stock traded as high as GBX 260 and last traded at GBX 246.72. 2,601,595 shares were traded during trading, a decline of 7% from the average daily volume of 2,801,687 shares. The stock had previously closed at GBX 225.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 440 price objective on shares of Filtronic in a research note on Tuesday, August 4th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Filtronic currently has a consensus rating of “Buy” and an average target price of GBX 440.

Filtronic Stock Up 17.8%

The stock has a market capitalization of £866.07 million, a P/E ratio of 148.88 and a beta of 1.03. The firm’s fifty day moving average is GBX 248.75 and its 200-day moving average is GBX 266.58. The company has a current ratio of 1.89, a quick ratio of 2.13 and a debt-to-equity ratio of 13.80.

Filtronic (LON:FTC) last released its quarterly earnings results 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%. As a group, equities research analysts predict that Filtronic plc will post 3.0730129 earnings per share for the current year.

Filtronic Company Profile

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.