Filtronic (LON:FTC) Insider Nat Edington Sells 2,100,000 Shares of Company Stock

Key Points

• Insider sale: Filtronic insider Nat Edington sold 2.1 million shares at GBX 250 each, generating total proceeds of £5.25 million.
• Stock performance: Shares opened at GBX 255.10, with a 52-week range of GBX 125 to GBX 480 and a market capitalization of approximately £561.1 million.
• Analyst outlook: Berenberg reaffirmed a “Buy” rating and GBX 440 price target; Filtronic has a consensus “Buy” rating despite a high reported P/E ratio of 143.31.

Filtronic plc (LON:FTC - Get Free Report) insider Nat Edington sold 2,100,000 shares of the business's stock in a transaction dated Thursday, October 22nd. The stock was sold at an average price of GBX 250, for a total value of £5,250,000.

Filtronic Price Performance

Shares of LON:FTC opened at GBX 255.10 on Friday. The company has a quick ratio of 2.13, a current ratio of 1.89 and a debt-to-equity ratio of 13.80. The firm has a 50-day simple moving average of GBX 252.78 and a 200 day simple moving average of GBX 283.02. Filtronic plc has a fifty-two week low of GBX 125 and a fifty-two week high of GBX 480. The company has a market cap of £561.07 million, a PE ratio of 143.31 and a beta of 1.02.

Filtronic (LON:FTC - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported GBX 2.07 earnings per share (EPS) for the quarter. Filtronic had a return on equity of 11.47% and a net margin of 8.21%. On average, sell-side analysts anticipate that Filtronic plc will post 3.07 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 440 price objective on shares of Filtronic in a research note on Friday, October 2nd. One analyst has rated the stock with a Buy rating. According to MarketBeat, Filtronic has a consensus rating of "Buy" and a consensus price target of GBX 440.

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. Our advanced solutions enhance connectivity, optimise bandwidth, and minimise latency. As pioneers in high-frequency mmWave technology, we tackle the toughest challenges in the market, which is why global tech leaders choose Filtronic for unmatched expertise and innovative solutions.

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