Filtronic (LON:FTC) Sets New 52-Week High – Time to Buy?

Filtronic plc (LON:FTC) reached a new 52-week high on Tuesday . The company traded as high as GBX 245 and last traded at GBX 245, with a volume of 3869557 shares trading hands. The stock had previously closed at GBX 233.

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 213 price objective on shares of Filtronic in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 213.

Filtronic Trading Up 1.4%

The company has a debt-to-equity ratio of 16.02, a quick ratio of 2.13 and a current ratio of 2.23. The company has a 50 day moving average of GBX 198.93 and a two-hundred day moving average of GBX 169.21. The stock has a market cap of £599.78 million, a PE ratio of 65.71 and a beta of 0.73.

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

Insider Activity at Filtronic

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 stock was sold at an average price of GBX 205, for a total value of £493,293.55. Also, insider Pete Magowan sold 100,000 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 value of £205,000. Insiders sold a total of 405,782 shares of company stock worth $85,726,199 in the last 90 days. Corporate 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.