Filtronic’s (FTC) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Filtronic (LON:FTC) in a research note published on Tuesday, Marketbeat.com reports. The firm currently has a GBX 440 price target on the stock.

Filtronic Stock Down 5.7%

Shares of LON:FTC opened at GBX 223 on Tuesday. The firm’s 50-day simple moving average is GBX 249.72 and its 200-day simple moving average is GBX 256.81. Filtronic has a fifty-two week low of GBX 125 and a fifty-two week high of GBX 480. The company has a market cap of £500.14 million, a price-to-earnings ratio of 125.28 and a beta of 0.97. The company has a quick ratio of 2.13, a current ratio of 1.89 and a debt-to-equity ratio of 13.80.

Insider Buying and Selling at Filtronic

In other news, insider Nat Edington sold 2,100,000 shares of the business’s stock in a transaction on Thursday, October 22nd. The shares were sold at an average price of GBX 250, for a total transaction of £5,250,000. 3.71% of the stock is currently owned by company insiders.

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.