Filtronic (LON:FTC) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Filtronic plc (LON:FTC)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 157.08 and traded as high as GBX 188. Filtronic shares last traded at GBX 182.56, with a volume of 562,925 shares changing hands.

Analyst Upgrades and Downgrades

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

Filtronic Stock Performance

The stock’s 50-day moving average price is GBX 191.22 and its 200-day moving average price is GBX 157.08. The company has a market capitalization of £401.52 million, a price-to-earnings ratio of 43.99 and a beta of 0.69. The company has a debt-to-equity ratio of 16.02, a quick ratio of 2.13 and a current ratio of 2.23.

Filtronic (LON:FTC) last released its quarterly earnings results on Tuesday, February 3rd. The company reported GBX 1.20 earnings per share for the quarter. Filtronic had a return on equity of 26.93% and a net margin of 17.80%. As a group, equities research analysts expect that Filtronic plc will post 3.0730129 earnings per share for the current year.

About Filtronic

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.