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

Filtronic logo with Computer and Technology background

Filtronic plc (LON:FTC - Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 128 ($1.72) and last traded at GBX 125.10 ($1.68), with a volume of 2638365 shares. The stock had previously closed at GBX 125 ($1.68).

Filtronic Stock Performance

The stock has a market cap of £273.53 million, a PE ratio of 86.35 and a beta of 0.87. The company's 50-day moving average price is GBX 104.29 and its two-hundred day moving average price is GBX 95.22. The company has a debt-to-equity ratio of 20.36, a quick ratio of 2.13 and a current ratio of 2.08.

Insiders Place Their Bets

In related news, insider Michael Tyerman sold 4,163 shares of the business's stock in a transaction that occurred on Wednesday, April 9th. The shares were sold at an average price of GBX 82 ($1.10), for a total value of £3,413.66 ($4,593.19). Also, insider Nat Edington bought 26,334 shares of the business's stock in a transaction on Wednesday, April 2nd. The stock was bought at an average cost of GBX 95 ($1.28) per share, with a total value of £25,017.30 ($33,661.60). Insiders sold 344,663 shares of company stock worth $38,319,866 over the last three months. Company insiders own 38.18% of the company's stock.

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.

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