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Panmure Gordon dropped their target price on shares of Filtronic Plc (LON:FTC) from GBX 54 ($0.92) to GBX 28 ($0.48) in a research note issued on Monday. The firm currently has a “hold” rating on the stock. Panmure Gordon’s target price would indicate a potential downside of 26.62% from the stock’s previous close.

Shares of Filtronic Plc (LON:FTC) traded down 27.77% during mid-day trading on Monday, hitting GBX 27.99. 1,132,382 shares of the company’s stock traded hands. Filtronic Plc has a 1-year low of GBX 36.417 and a 1-year high of GBX 71.50. The stock has a 50-day moving average of GBX 39.75 and a 200-day moving average of GBX 49.39. The company’s market cap is £27.2 million.

Filtronic plc is a United Kingdom-based company. The principal activity of the Company is the design and manufacture of broadband microwave and base station filter products for wireless telecommunications systems.

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