Michael Tyerman Sells 240,631 Shares of Filtronic (LON:FTC) Stock

Key Points

• Insider sale: Michael Tyerman sold 240,631 shares on April 9 at an average price of GBX 205, generating £493,293.55 in proceeds.
• Stock snapshot: Filtronic traded at GBX 199.50 mid-day with volume 2.67M (above its 1.82M average), 50/200-day SMAs of 193.07/162.76, a one-year range of GBX 81–212, and a market cap of £438.8M.
• Analyst stance: Berenberg reaffirmed a "Buy" with a GBX 213 target, and the consensus analyst rating is "Buy" with an average target of GBX 213.

Filtronic plc (LON:FTC - Get Free Report) insider Michael Tyerman sold 240,631 shares of the firm's stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of GBX 205, for a total value of £493,293.55.

Filtronic Stock Performance

Shares of FTC stock traded down GBX 4.50 during mid-day trading on Friday, reaching GBX 199.50. The stock had a trading volume of 2,671,943 shares, compared to its average volume of 1,817,081. The firm's 50 day simple moving average is GBX 193.07 and its 200 day simple moving average is GBX 162.76. Filtronic plc has a one year low of GBX 81 and a one year high of GBX 212. The firm has a market cap of £438.79 million, a PE ratio of 48.07 and a beta of 0.73. The company has a quick ratio of 2.13, a current ratio of 2.23 and a debt-to-equity ratio of 16.02.

Filtronic (LON:FTC - Get Free Report) last released its quarterly earnings results on Tuesday, February 3rd. The company reported GBX 1.20 earnings per share for the quarter. Filtronic had a return on equity of 26.93% and a net margin of 17.80%. On average, analysts forecast that Filtronic plc will post 3.0730129 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 213 target price on shares of Filtronic in a report on Friday, March 27th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of GBX 213.

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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