Filtronic (LON:FTC) Reaches New 52-Week High - Time to Buy?

Filtronic plc (LON:FTC - Get Free Report) shares reached a new 52-week high during trading on Monday . The company traded as high as GBX 170 ($2.28) and last traded at GBX 168 ($2.25), with a volume of 3170660 shares traded. The stock had previously closed at GBX 156 ($2.09).

Filtronic Stock Down 4.9%

The firm's 50-day simple moving average is GBX 117.27 and its 200 day simple moving average is GBX 101.68. 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 company has a market cap of £338.66 million, a P/E ratio of 106.90 and a beta of 0.87.

Insider Activity

In other Filtronic news, insider Nat Edington bought 26,334 shares of Filtronic stock in a transaction on Wednesday, April 2nd. The shares were purchased at an average cost of GBX 95 ($1.27) per share, for a total transaction of £25,017.30 ($33,571.26). Also, insider Michael Tyerman sold 336,000 shares of the business's stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of GBX 112 ($1.50), for a total value of £376,320 ($504,991.95). Insiders sold a total of 344,663 shares of company stock valued at $38,319,866 in the last ninety days. 38.18% of the stock is owned by insiders.

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.