Filtronic (LON:FTC) Sets New 1-Year High – Should You Buy?

Filtronic plc (LON:FTC)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 302 and last traded at GBX 297.13, with a volume of 1968688 shares changing hands. The stock had previously closed at GBX 296.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 213 target price on shares of Filtronic in a report on Tuesday. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of GBX 213.

Filtronic Stock Performance

The company has a market capitalization of £613.64 million, a price-to-earnings ratio of 67.23 and a beta of 0.73. The company has a debt-to-equity ratio of 16.02, a current ratio of 2.23 and a quick ratio of 2.13. The stock has a 50 day moving average price of GBX 205.17 and a two-hundred day moving average price of GBX 173.65.

Filtronic (LON:FTC) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported GBX 1.20 earnings per share (EPS) for the quarter. Filtronic had a net margin of 17.80% and a return on equity of 26.93%. On average, analysts predict that Filtronic plc will post 3.0730129 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Michael Tyerman sold 240,631 shares of the company’s stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of GBX 205, for a total transaction of £493,293.55. Also, insider Pete Magowan sold 100,000 shares of the stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of GBX 205, for a total transaction of £205,000. Over the last three months, insiders sold 405,782 shares of company stock valued at $85,726,199. Insiders own 4.60% of the company’s stock.

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.