Shares of Filtronic plc (LON:FTC - Get Free Report) traded up 12.4% on Wednesday . The stock traded as high as GBX 72.80 ($0.94) and last traded at GBX 70.80 ($0.92). 1,432,092 shares changed hands during trading, an increase of 47% from the average session volume of 975,750 shares. The stock had previously closed at GBX 63 ($0.82).
Filtronic Stock Up 17.5 %
The company has a quick ratio of 2.13, a current ratio of 2.08 and a debt-to-equity ratio of 20.36. The firm has a market capitalization of £161.97 million, a price-to-earnings ratio of 7,155.00 and a beta of 0.87. The firm has a 50 day moving average of GBX 71.25 and a two-hundred day moving average of GBX 65.54.
Insider Activity
In related 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 ($0.83) per share, with a total value of £3,520 ($4,564.91). 38.18% of the stock is currently owned by corporate insiders.
Filtronic Company Profile
(
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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.
Further Reading
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