Filtronic (LON:FTC) Stock Price Down 0.7% - Time to Sell?

Shares of Filtronic plc (LON:FTC - Get Free Report) were down 0.7% during mid-day trading on Tuesday . The stock traded as low as GBX 69.26 ($0.88) and last traded at GBX 70 ($0.89). Approximately 137,877 shares traded hands during trading, a decline of 86% from the average daily volume of 967,013 shares. The stock had previously closed at GBX 70.50 ($0.90).

Filtronic Stock Down 2.1 %

The company has a current ratio of 2.08, a quick ratio of 2.13 and a debt-to-equity ratio of 20.36. The firm has a market cap of £149.93 million, a price-to-earnings ratio of 6,850.00 and a beta of 0.87. The firm's 50 day simple moving average is GBX 70.37 and its two-hundred day simple moving average is GBX 70.57.

Insider Activity

In other Filtronic news, insider Michael Tyerman bought 5,500 shares of the firm's stock in a transaction on Wednesday, October 2nd. The shares were purchased at an average price of GBX 64 ($0.82) per share, for a total transaction of £3,520 ($4,490.37). Corporate insiders own 38.18% of the company's stock.

Filtronic Company Profile

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.