Filtronic (LON:FTC) Reaches New 1-Year High - Here's Why

Shares of Filtronic plc (LON:FTC - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 139 ($1.89) and last traded at GBX 139 ($1.89), with a volume of 2185916 shares changing hands. The stock had previously closed at GBX 136 ($1.85).

Filtronic Stock Performance

The stock has a 50-day simple moving average of GBX 105.78 and a 200-day simple moving average of GBX 96.48. The company has a debt-to-equity ratio of 20.36, a current ratio of 2.08 and a quick ratio of 2.13. The stock has a market cap of £316.95 million, a PE ratio of 100.05 and a beta of 0.87.

Insider Buying and Selling at Filtronic

In other news, insider Michael Tyerman sold 4,163 shares of the company's stock in a transaction dated Wednesday, April 9th. The stock was sold at an average price of GBX 82 ($1.11), for a total value of £3,413.66 ($4,635.61). Also, insider Nat Edington bought 26,334 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The stock was bought at an average cost of GBX 95 ($1.29) per share, with a total value of £25,017.30 ($33,972.43). Over the last 90 days, insiders sold 344,663 shares of company stock valued at $38,319,866. Company insiders own 38.18% of the company's stock.

Filtronic Company Profile

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.