Filtronic (LON:FTC) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Filtronic plc (LON:FTC)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 86.16 ($1.14) and traded as high as GBX 97 ($1.29). Filtronic shares last traded at GBX 95 ($1.26), with a volume of 764,287 shares.

Filtronic Price Performance

The stock’s 50-day moving average price is GBX 102.69 and its 200 day moving average price is GBX 86.36. The company has a quick ratio of 2.13, a current ratio of 2.08 and a debt-to-equity ratio of 20.36. The firm has a market capitalization of £212.75 million, a price-to-earnings ratio of 67.16 and a beta of 0.87.

Filtronic (LON:FTC) last released its quarterly earnings results on Tuesday, February 4th. The company reported GBX 3.08 ($0.04) EPS for the quarter. Filtronic had a net margin of 12.35% and a return on equity of 24.34%. Equities research analysts expect that Filtronic plc will post 3.0730129 earnings per share for the current fiscal year.

Insider Activity at Filtronic

In other Filtronic news, insider Michael Tyerman sold 4,500 shares of the stock in a transaction dated Monday, April 7th. The stock was sold at an average price of GBX 77 ($1.02), for a total value of £3,465 ($4,597.32). Also, insider Nat Edington purchased 26,334 shares of the stock in a transaction on Wednesday, April 2nd. The shares were purchased at an average price of GBX 95 ($1.26) per share, with a total value of £25,017.30 ($33,192.65). Insiders sold 344,663 shares of company stock worth $38,319,866 in the last three months. 38.18% of the stock is owned by company insiders.

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.