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Filtronic (LON:FTC) Stock Price Passes Above Two Hundred Day Moving Average - Here's What Happened

Filtronic logo with Computer and Technology background

Filtronic plc (LON:FTC - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 63.86 ($0.83) and traded as high as GBX 71.60 ($0.93). Filtronic shares last traded at GBX 68 ($0.89), with a volume of 624,099 shares traded.

Filtronic Stock Down 4.9 %

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 stock has a market capitalization of £148.84 million, a PE ratio of 6,800.00 and a beta of 0.87. The business has a 50 day moving average of GBX 71.84 and a two-hundred day moving average of GBX 64.04.

Insider Buying and Selling at Filtronic

In other Filtronic news, insider Michael Tyerman purchased 5,500 shares of the firm's stock in a transaction on Wednesday, October 2nd. The stock was bought at an average cost of GBX 64 ($0.84) per share, for a total transaction of £3,520 ($4,596.50). 38.18% of the stock is currently owned by company 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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