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Filtronic (LON:FTC) Stock Passes Above 200 Day Moving Average - Here's Why

Filtronic logo with Computer and Technology background

Filtronic plc (LON:FTC - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 86.16 ($1.14) and traded as high as GBX 97 ($1.29). Filtronic shares last traded at GBX 95 ($1.26), with a volume of 764,287 shares changing hands.

Filtronic Stock Performance

The stock has a market cap of £204.07 million, a P/E ratio of 64.42 and a beta of 0.87. The stock has a fifty day simple moving average of GBX 101.91 and a 200-day simple moving average of GBX 87.17. The company has a quick ratio of 2.13, a current ratio of 2.08 and a debt-to-equity ratio of 20.36.

Filtronic (LON:FTC - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported GBX 3.08 ($0.04) earnings per share for the quarter. Filtronic had a net margin of 12.35% and a return on equity of 24.34%. Equities analysts expect that Filtronic plc will post 3.0730129 earnings per share for the current fiscal year.

Insider Transactions at Filtronic

In related news, insider Nat Edington purchased 26,334 shares of Filtronic stock in a transaction dated Wednesday, April 2nd. The stock was bought at an average price of GBX 95 ($1.26) per share, for a total transaction of £25,017.30 ($33,148.67). Also, insider Michael Tyerman sold 336,000 shares of the stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of GBX 112 ($1.48), for a total transaction of £376,320 ($498,635.22). Insiders have sold a total of 344,663 shares of company stock valued at $38,319,866 over the last three months. 38.18% of the stock is currently owned by corporate insiders.

Filtronic Company Profile

(Get Free Report)

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.

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