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

Key Points

• Filtronic plc shares surpassed their 200-day moving average of GBX 119.86, trading at GBX 145 ($1.93) with a peak of GBX 147 ($1.95).
• The company reported earnings per share (EPS) of GBX 6.42 ($0.09) for the last quarter, with a projected EPS of 3.07 for the current fiscal year.
• Filtronic specializes in high-frequency communication solutions for global telecommunications, space, aerospace, and defense sectors.

Filtronic plc (LON:FTC - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 119.86 ($1.61) and traded as high as GBX 147 ($1.98). Filtronic shares last traded at GBX 145 ($1.95), with a volume of 737,653 shares.

Filtronic Price Performance

The company's 50-day moving average is GBX 152.21 and its two-hundred day moving average is GBX 120.67. The company has a debt-to-equity ratio of 20.36, a current ratio of 2.08 and a quick ratio of 2.13. The firm has a market cap of £283.30 million, a P/E ratio of 89.43 and a beta of 0.87.

Filtronic (LON:FTC - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported GBX 6.42 ($0.09) earnings per share for the quarter. Filtronic had a net margin of 12.35% and a return on equity of 24.34%. Sell-side analysts anticipate that Filtronic plc will post 3.0730129 EPS 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.