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Filtronic (LON:FTC) Share Price Passes Above 200-Day Moving Average - Here's Why

Filtronic logo with Computer and Technology background

Filtronic plc (LON:FTC - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 99.72 ($1.35) and traded as high as GBX 158 ($2.14). Filtronic shares last traded at GBX 156 ($2.12), with a volume of 1,789,633 shares changing hands.

Filtronic Stock Performance

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 market cap of £338.66 million, a PE ratio of 106.90 and a beta of 0.87. The business has a fifty day moving average of GBX 112.36 and a 200-day moving average of GBX 99.72.

Insider Activity

In other news, insider Nat Edington acquired 26,334 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was purchased at an average price of GBX 95 ($1.29) per share, for a total transaction of £25,017.30 ($33,944.78). Also, insider Michael Tyerman sold 336,000 shares of the firm's stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of GBX 112 ($1.52), for a total value of £376,320 ($510,610.58). Insiders sold a total of 344,663 shares of company stock worth $38,319,866 over the last 90 days. Corporate 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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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