Filtronic (LON:FTC) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Filtronic plc (LON:FTCGet Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 139.34 and traded as low as GBX 128.02. Filtronic shares last traded at GBX 132, with a volume of 1,272,439 shares.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 196 price target on shares of Filtronic in a report on Wednesday, November 12th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 196.

View Our Latest Analysis on Filtronic

Filtronic Stock Up 0.7%

The company has a quick ratio of 2.13, a current ratio of 2.08 and a debt-to-equity ratio of 20.36. The stock has a 50-day simple moving average of GBX 131.03 and a two-hundred day simple moving average of GBX 139.34. The firm has a market cap of £292.08 million, a PE ratio of 21.97 and a beta of 0.87.

Filtronic Company Profile

(Get Free Report)

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.

Further Reading

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