Filtronic (LON:FTC) Reaches New 1-Year High - Time to Buy?

Shares of Filtronic plc (LON:FTC - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 147 ($2.00) and last traded at GBX 135.50 ($1.84), with a volume of 3339409 shares changing hands. The stock had previously closed at GBX 130 ($1.77).

Filtronic Stock Performance

The stock has a market capitalization of £338.66 million, a P/E ratio of 106.90 and a beta of 0.87. The company has a current ratio of 2.08, a quick ratio of 2.13 and a debt-to-equity ratio of 20.36. The company has a 50-day moving average price of GBX 110.98 and a two-hundred day moving average price of GBX 99.14.

Insider Buying and Selling at Filtronic

In other Filtronic news, insider Nat Edington purchased 26,334 shares of the firm's stock in a transaction that occurred on 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 ($34,060.31). Also, insider Michael Tyerman sold 336,000 shares of the firm's stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of GBX 112 ($1.52), for a total value of £376,320 ($512,348.54). Over the last three months, insiders have sold 344,663 shares of company stock valued at $38,319,866. Corporate insiders own 38.18% of the company's stock.

About Filtronic

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.