Filtronic (LON:FTC) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of Filtronic plc (LON:FTC) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 248.82 and traded as high as GBX 384.94. Filtronic shares last traded at GBX 275, with a volume of 1,560,291 shares traded.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank lifted their price target on shares of Filtronic from GBX 360 to GBX 440 and gave the company a “buy” rating in a report on Tuesday, June 23rd. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Filtronic presently has an average rating of “Buy” and an average target price of GBX 440.

Filtronic Price Performance

The company has a market capitalization of £604.84 million, a price-to-earnings ratio of 66.27 and a beta of 1.06. The company has a quick ratio of 2.13, a current ratio of 2.23 and a debt-to-equity ratio of 16.02. The company has a 50 day simple moving average of GBX 343.40 and a 200 day simple moving average of GBX 248.82.

Insider Activity

In other news, insider Jonathan Neale sold 65,151 shares of the business’s stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of GBX 244, for a total transaction of £158,968.44. Insiders own 4.50% of the company’s stock.

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.