Filtronic (LON:FTC) Shares Cross Below Two Hundred Day Moving Average - What's Next?

Key Points

• Filtronic plc's shares have crossed below their 200-day moving average, indicating potential bearish momentum in trading.
• The company reported a net margin of 12.35% and a return on equity of 24.34% in its last earnings results.
• Filtronic has a market capitalization of £290.08 million and a remarkably high P/E ratio of 2,181.82.

Filtronic plc (LON:FTC - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 128.70 ($1.73) and traded as low as GBX 128.46 ($1.73). Filtronic shares last traded at GBX 132.50 ($1.78), with a volume of 776,856 shares traded.

Filtronic Stock Down 0.4%

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's 50-day moving average price is GBX 141.87 and its 200 day moving average price is GBX 128.70. The stock has a market capitalization of £290.08 million, a P/E ratio of 2,181.82 and a beta of 0.87.

Filtronic (LON:FTC - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported GBX 6.42 earnings per share for the quarter. Filtronic had a net margin of 12.35% and a return on equity of 24.34%. As a group, equities analysts expect that Filtronic plc will post 3.0730129 earnings per share for the current 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.

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