Filtronic (LON:FTC) Insider Sells £205,000 in Stock

Key Points

• Pete Magowan sold 100,000 shares on April 9 at GBX 205 (a total of £205,000); the stock traded down about 2.2% to GBX 199.50 on elevated volume following the transaction.
• Berenberg reaffirmed a "Buy" and set a GBX 213 price target, and MarketBeat's consensus rating/average target for Filtronic is also a Buy at GBX 213.
• Filtronic reported quarterly EPS of GBX 1.20 with a net margin of 17.8% and ROE of 26.93%; the stock has a market cap of £438.79m and a PE ratio of 48.07.

Filtronic plc (LON:FTC - Get Free Report) insider Pete Magowan sold 100,000 shares of the business's stock in a transaction on Thursday, April 9th. The shares were sold at an average price of GBX 205, for a total transaction of £205,000.

Filtronic Stock Down 2.2%

Shares of LON FTC traded down GBX 4.50 during mid-day trading on Friday, reaching GBX 199.50. The company had a trading volume of 2,671,943 shares, compared to its average volume of 1,817,081. Filtronic plc has a twelve month low of GBX 81 and a twelve month high of GBX 212. The company has a debt-to-equity ratio of 16.02, a quick ratio of 2.13 and a current ratio of 2.23. The stock has a market capitalization of £438.79 million, a PE ratio of 48.07 and a beta of 0.73. The stock's 50 day moving average is GBX 193.07 and its 200-day moving average is GBX 162.76.

Filtronic (LON:FTC - Get Free Report) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported GBX 1.20 earnings per share for the quarter. Filtronic had a net margin of 17.80% and a return on equity of 26.93%. As a group, equities analysts anticipate that Filtronic plc will post 3.0730129 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 213 price target on shares of Filtronic in a research note on Friday, March 27th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of GBX 213.

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. 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.

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