Key Points
- Insider Nat Edington sold 2.1 million Filtronic shares at an average price of GBX 250, generating total proceeds of £5.25 million.
- Filtronic shares opened at GBX 246.25, with a market capitalization of approximately £541.6 million and a price-to-earnings ratio of 138.34; the stock has traded between GBX 125 and GBX 480 over the past year.
- Analysts remain positive, with Berenberg reiterating a “Buy” rating and a GBX 440 price target; the consensus rating is also “Buy.”
Filtronic plc (LON:FTC - Get Free Report) insider Nat Edington sold 2,100,000 shares of the company's stock in a transaction on Thursday, October 22nd. The stock was sold at an average price of GBX 250, for a total value of £5,250,000.
Filtronic Price Performance
FTC opened at GBX 246.25 on Friday. Filtronic plc has a 1 year low of GBX 125 and a 1 year high of GBX 480. The company has a debt-to-equity ratio of 13.80, a current ratio of 1.89 and a quick ratio of 2.13. The company has a market capitalization of £541.61 million, a price-to-earnings ratio of 138.34 and a beta of 1.02. The firm's fifty day moving average price is GBX 252.58 and its two-hundred day moving average price is GBX 282.77.
Filtronic (LON:FTC - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported GBX 2.07 earnings per share for the quarter. Filtronic had a net margin of 8.21% and a return on equity of 11.47%. As a group, analysts anticipate that Filtronic plc will post 3.07 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 440 price objective on shares of Filtronic in a research note on Friday, October 2nd. One analyst has rated the stock with a Buy rating. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of GBX 440.
View Our Latest Analysis on Filtronic
About Filtronic
(
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. Our advanced solutions enhance connectivity, optimise bandwidth, and minimise latency. As pioneers in high-frequency mmWave technology, we tackle the toughest challenges in the market, which is why global tech leaders choose Filtronic for unmatched expertise and innovative solutions.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
