Filtronic (LON:FTC) Trading 8.4% Higher – Should You Buy?

Filtronic plc (LON:FTC) shares shot up 8.4% on Wednesday . The company traded as high as GBX 240 and last traded at GBX 233. 1,768,201 shares traded hands during trading, a decline of 36% from the average daily volume of 2,768,845 shares. The stock had previously closed at GBX 215.

Analyst Upgrades and Downgrades

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

Filtronic Price Performance

The stock has a market capitalization of £761.49 million, a price-to-earnings ratio of 130.90 and a beta of 1.02. The company has a fifty day simple moving average of GBX 246.79 and a 200 day simple moving average of GBX 268.07. 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 issued 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%. Equities research analysts forecast that Filtronic plc will post 3.0730129 EPS 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.