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Filtronic (LON:FTC) Share Price Crosses Above Two Hundred Day Moving Average - What's Next?

Filtronic logo with Computer and Technology background

Filtronic plc (LON:FTC - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 71.56 ($0.90) and traded as high as GBX 78 ($0.98). Filtronic shares last traded at GBX 76.34 ($0.96), with a volume of 150,598 shares traded.

Filtronic Stock Up 1.3 %

The stock has a market cap of £170.73 million, a price-to-earnings ratio of 7,800.00 and a beta of 0.87. The company has a debt-to-equity ratio of 20.36, a quick ratio of 2.13 and a current ratio of 2.08. The firm's 50-day simple moving average is GBX 72.25 and its two-hundred day simple moving average is GBX 71.59.

Insider Activity

In other news, insider Michael Tyerman acquired 5,500 shares of the company's stock in a transaction on Wednesday, October 2nd. The stock was purchased at an average cost of GBX 64 ($0.81) per share, with a total value of £3,520 ($4,429.34). 38.18% of the stock is owned by insiders.

Filtronic Company Profile

(Get Free Report)

Filtronic plc designs, develops, manufactures, and sells advanced radio frequency (RF) communications equipment for telecommunications infrastructure, aerospace and defense, critical communications, and space markets. It provides Morpheus II, an E-band transceiver module; Hades, an E-band active diplexer; Cerus, an E-brand power amplifier for long range E-band communications; tower top amplifiers; Orpheus, an ultra-high-capacity turn-key solution for backhaul, fronthaul, and mid haul; switched filter banks; GaN amplifiers; custom filters products, including metal cavity, ceramic, combline, interdigital, lumped element, suspended substrate, waveguide, and thin-film filters; and custom combiner products.

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