Filtronic’s (FTC) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank restated their buy rating on shares of Filtronic (LON:FTC) in a research note issued to investors on Friday, MarketBeat reports. They currently have a GBX 213 target price on the stock.

Filtronic Stock Performance

Shares of LON FTC opened at GBX 187.10 on Friday. The stock has a fifty day moving average price of GBX 190.21 and a two-hundred day moving average price of GBX 158.99. The company has a debt-to-equity ratio of 16.02, a quick ratio of 2.13 and a current ratio of 2.23. The firm has a market cap of £411.51 million, a P/E ratio of 45.08 and a beta of 0.69. Filtronic has a 1 year low of GBX 72 and a 1 year high of GBX 209.

Filtronic (LON:FTC) last announced its quarterly earnings data 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%. Research analysts forecast that Filtronic will post 3.0730129 EPS for the current fiscal 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.