Filtronic (LON:FTC) Reaches New 52-Week High - What's Next?

Filtronic plc (LON:FTC - Get Free Report)'s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 147 ($1.98) and last traded at GBX 135.50 ($1.83), with a volume of 3339409 shares changing hands. The stock had previously closed at GBX 130 ($1.76).

Filtronic Price Performance

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 £301.76 million, a PE ratio of 95.25 and a beta of 0.87. The business's 50-day moving average price is GBX 108.70 and its 200 day moving average price is GBX 98.36.

Insider Buying and Selling at Filtronic

In related news, insider Nat Edington purchased 26,334 shares of the firm's stock in a transaction on Wednesday, April 2nd. The shares were acquired at an average cost of GBX 95 ($1.28) per share, with a total value of £25,017.30 ($33,775.21). Also, insider Michael Tyerman sold 336,000 shares of the stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of GBX 112 ($1.51), for a total value of £376,320 ($508,059.94). Insiders sold a total of 344,663 shares of company stock worth $38,319,866 over the last three months. 38.18% of the stock is owned by insiders.

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.