Filtronic (LON:FTC) Insider Sells 100,000 Shares

Filtronic plc (LON:FTC) insider Pete Magowan sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, April 9th. The stock was sold at an average price of GBX 205, for a total value of £205,000.

Filtronic Stock Performance

FTC stock traded down GBX 4.50 during mid-day trading on Friday, reaching GBX 199.50. 2,671,943 shares of the stock traded hands, compared to its average volume of 1,817,081. Filtronic plc has a 52 week low of GBX 81 and a 52 week high of GBX 212. 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 firm has a market capitalization of £438.79 million, a PE ratio of 48.07 and a beta of 0.73. The business has a 50-day moving average of GBX 193.07 and a two-hundred day moving average of GBX 162.76.

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

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 213 price objective on shares of Filtronic in a report on Friday, March 27th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of GBX 213.

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.