Filtronic (LON:FTC) Shares Cross Above 200 Day Moving Average - Should You Sell?

Key Points

• Filtronic's share price has crossed above its 200-day moving average, trading at GBX 146.45 ($1.98), with a high of GBX 151 ($2.04) during recent trading.
• The company reported an earnings per share (EPS) of GBX 6.42 for the last quarter and has a projected EPS of 3.07 for the current year, reflecting analyst expectations.
• Filtronic maintains strong financial metrics with a quick ratio of 2.13, a current ratio of 2.08, and a market cap of £320.84 million.

Filtronic plc (LON:FTC - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 125.16 ($1.68) and traded as high as GBX 151 ($2.02). Filtronic shares last traded at GBX 146.45 ($1.96), with a volume of 2,238,691 shares changing hands.

Filtronic Trading Down 0.7%

The business's 50 day moving average price is GBX 149.43 and its 200-day moving average price is GBX 125.71. The company has a market cap of £302.33 million, a price-to-earnings ratio of 2,280.99 and a beta of 0.87. The company has a debt-to-equity ratio of 20.36, a quick ratio of 2.13 and a current ratio of 2.08.

Filtronic (LON:FTC - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported GBX 6.42 EPS for the quarter. Filtronic had a return on equity of 24.34% and a net margin of 12.35%. On average, research analysts forecast that Filtronic plc will post 3.0730129 EPS for the current year.

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.