Filtronic (LON:FTC) Stock Jumps 13.9% – What’s Next?

Filtronic plc (LON:FTC) shares shot up 13.9% during mid-day trading on Friday. The company traded as high as GBX 380.85 and last traded at GBX 286. 1,946,404 shares traded hands during mid-day trading, a decline of 26% from the average session volume of 2,643,416 shares. The stock had previously closed at GBX 251.

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 440 price objective on shares of Filtronic in a report on Friday, October 2nd. One research analyst has rated the stock with a Buy rating. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of GBX 440.

Filtronic Trading Up 13.9%

The company has a debt-to-equity ratio of 13.80, a current ratio of 1.89 and a quick ratio of 2.13. The firm’s 50 day moving average is GBX 251.65 and its 200 day moving average is GBX 280.50. The company has a market capitalization of £629.04 million, a PE ratio of 160.67 and a beta of 1.02.

Filtronic (LON:FTC) last released its quarterly earnings results on Tuesday, August 4th. The company reported GBX 2.07 EPS for the quarter. Filtronic had a return on equity of 11.47% and a net margin of 8.21%. As a group, equities analysts predict that Filtronic plc will post 3.07 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.