Filtronic (LON:FTC) Shares Cross Above 200-Day Moving Average – Should You Sell?

Filtronic plc (LON:FTC) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 252.98 and traded as high as GBX 255. Filtronic shares last traded at GBX 249, with a volume of 980,789 shares changing hands.

Analysts Set New Price Targets

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

Filtronic Stock Performance

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 business’s fifty day moving average is GBX 330.06 and its 200 day moving average is GBX 252.98. The stock has a market cap of £547.66 million, a PE ratio of 60.00 and a beta of 1.06.

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.