Filtronic (LON:FTC) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Shares of Filtronic plc (LON:FTC) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 150.27 and traded as high as GBX 203. Filtronic shares last traded at GBX 201, with a volume of 944,163 shares traded.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 213 price objective on shares of Filtronic in a research note on Tuesday, February 3rd. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Filtronic has a consensus rating of “Buy” and an average target price of GBX 213.

Filtronic Trading Down 0.5%

The company has a debt-to-equity ratio of 20.36, a current ratio of 2.08 and a quick ratio of 2.13. The business’s fifty day simple moving average is GBX 180.17 and its 200 day simple moving average is GBX 150.27. The stock has a market cap of £442.09 million, a price-to-earnings ratio of 33.22 and a beta of 0.87.

Filtronic (LON:FTC) last issued its earnings results on Tuesday, February 3rd. The company reported GBX 1.20 earnings per share for the quarter. Filtronic had a net margin of 12.35% and a return on equity of 24.34%. On average, research analysts predict 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.