Filtronic (LON:FTC) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Filtronic plc (LON:FTC)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 208.48 and traded as high as GBX 410. Filtronic shares last traded at GBX 365, with a volume of 3,069,815 shares changing hands.

Analysts Set New Price Targets

Separately, Berenberg Bank restated a “buy” rating and set a GBX 213 price objective on shares of Filtronic in a research report on Tuesday, April 28th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of GBX 213.

Filtronic Price Performance

The firm has a market capitalization of £802.79 million, a P/E ratio of 87.95 and a beta of 0.95. The firm’s 50 day simple moving average is GBX 280.03 and its two-hundred day simple moving average is GBX 208.48. The company has a debt-to-equity ratio of 16.02, a current ratio of 2.23 and a quick ratio of 2.13.

Insider Buying and Selling at Filtronic

In other Filtronic news, insider Jonathan Neale sold 65,151 shares of the company’s stock in a transaction that occurred on Tuesday, April 21st. The shares were sold at an average price of GBX 244, for a total transaction of £158,968.44. Also, insider Michael Tyerman sold 240,631 shares of the company’s stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of GBX 205, for a total transaction of £493,293.55. Over the last ninety days, insiders sold 405,782 shares of company stock valued at $85,726,199. Insiders own 4.60% of the company’s stock.

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.