Filtronic (LON:FTC) Stock Price Down 10.3% - Here's Why

Filtronic plc (LON:FTC - Get Free Report)'s stock price dropped 10.3% on Friday . The company traded as low as GBX 123 ($1.67) and last traded at GBX 131.02 ($1.78). Approximately 3,554,084 shares changed hands during trading, an increase of 109% from the average daily volume of 1,704,343 shares. The stock had previously closed at GBX 146 ($1.98).

Filtronic Trading Down 9.7%

The business has a fifty day moving average of GBX 106.66 and a 200-day moving average of GBX 96.98. 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 £286.34 million, a P/E ratio of 90.39 and a beta of 0.87.

Insiders Place Their Bets

In other news, insider Michael Tyerman sold 4,500 shares of the stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of GBX 77 ($1.05), for a total value of £3,465 ($4,705.32). Also, insider Nat Edington acquired 26,334 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was bought at an average cost of GBX 95 ($1.29) per share, with a total value of £25,017.30 ($33,972.43). Over the last 90 days, insiders have sold 344,663 shares of company stock worth $38,319,866. Insiders own 38.18% of the company's stock.

Filtronic Company Profile

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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