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Filtronic (LON:FTC) Stock Crosses Below 200 Day Moving Average - Here's Why

Filtronic logo with Computer and Technology background

Key Points

  • Filtronic plc shares fell below their 200-day moving average of GBX 129.59 ($1.74), reflecting a low of GBX 127 ($1.71) during trading.
  • The company has a debt-to-equity ratio of 20.36, and analysts forecast earnings of 3.07 GBX per share for the current year.
  • Filtronic specializes in high-frequency communication solutions for telecommunications, aerospace, defense, and related sectors.
  • MarketBeat previews top five stocks to own in November.

Filtronic plc (LON:FTC - Get Free Report) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 129.59 ($1.74) and traded as low as GBX 127 ($1.71). Filtronic shares last traded at GBX 131 ($1.76), with a volume of 984,656 shares trading hands.

Filtronic Price Performance

The company has a fifty day simple moving average of GBX 137.99 and a two-hundred day simple moving average of GBX 129.59. 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 has a market capitalization of £294.46 million, a price-to-earnings ratio of 2,214.71 and a beta of 0.87.

Filtronic (LON:FTC - Get Free Report) last issued its quarterly earnings results 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%. As a group, research analysts anticipate that Filtronic plc will post 3.0730129 earnings per share for the current year.

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.

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