Filtronic (LON:FTC) Shares Climb 8.2% – Still a Buy?

Shares of Filtronic plc (LON:FTC) traded up 8.2% during trading on Thursday. The stock traded as high as GBX 263 and last traded at GBX 257. Approximately 3,469,079 shares changed hands during mid-day trading, an increase of 29% from the average daily volume of 2,692,860 shares. The stock had previously closed at GBX 237.50.

Wall Street Analyst Weigh In

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

Filtronic Stock Up 8.2%

The company has a quick ratio of 2.13, a current ratio of 1.89 and a debt-to-equity ratio of 13.80. The business has a fifty day simple moving average of GBX 242.84 and a two-hundred day simple moving average of GBX 272.03. The company has a market capitalization of £839.93 million, a price-to-earnings ratio of 144.38 and a beta of 1.02.

Filtronic (LON:FTC) last issued its earnings results on Tuesday, August 4th. The company reported GBX 2.07 earnings per share (EPS) for the quarter. Filtronic had a return on equity of 11.47% and a net margin of 8.21%. Equities analysts expect that Filtronic plc will post 3.0730129 EPS 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.