Filtronic (LON:FTC) Stock Passes Above 200 Day Moving Average - Time to Sell?

Key Points

• Filtronic plc shares surpassed their two hundred-day moving average, reaching a trading high of GBX 141 ($1.89) during Thursday's session.
• The company's recent earnings report showed an earnings per share (EPS) of GBX 6.42 and a positive return on equity of 24.34%.
• Filtronic has a market capitalization of £299.59 million and exhibits strong liquidity with a quick ratio of 2.13.

Filtronic plc (LON:FTC - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 123.36 ($1.67) and traded as high as GBX 141 ($1.90). Filtronic shares last traded at GBX 138 ($1.86), with a volume of 333,894 shares.

Filtronic Stock Up 2.1%

The company has a market capitalization of £310.44 million, a P/E ratio of 97.99 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. The stock has a 50 day moving average price of GBX 150.36 and a 200 day moving average price of GBX 124.58.

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

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.