Filtronic (LON:FTC) Trading Down 10.3% - Here's What Happened

Filtronic plc (LON:FTC - Get Free Report) was down 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 traded hands during mid-day 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 Price Performance

The company has a quick ratio of 2.13, a current ratio of 2.08 and a debt-to-equity ratio of 20.36. The stock has a market cap of £282.22 million, a PE ratio of 89.09 and a beta of 0.87. The firm's fifty day moving average price is GBX 107.37 and its 200 day moving average price is GBX 97.71.

Insider Activity

In related news, insider Nat Edington purchased 26,334 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The stock was purchased at an average price of GBX 95 ($1.29) per share, with a total value of £25,017.30 ($33,903.37). Also, insider Michael Tyerman sold 336,000 shares of the stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of GBX 112 ($1.52), for a total value of £376,320 ($509,987.80). In the last ninety days, insiders sold 344,663 shares of company stock worth $38,319,866. 38.18% of the stock is currently owned by insiders.

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.