Filtronic (LON:FTC) Shares Up 12.4% – What’s Next?

Filtronic plc (LON:FTC)’s share price shot up 12.4% during mid-day trading on Wednesday . The company traded as high as GBX 72.80 ($0.94) and last traded at GBX 70.80 ($0.92). 1,432,092 shares were traded during mid-day trading, an increase of 47% from the average session volume of 975,750 shares. The stock had previously closed at GBX 63 ($0.82).

Filtronic Stock Performance

The firm has a market cap of £156.61 million, a P/E ratio of 6,833.50 and a beta of 0.87. The company has a current ratio of 2.08, a quick ratio of 2.13 and a debt-to-equity ratio of 20.36. The business’s fifty day simple moving average is GBX 71.25 and its 200-day simple moving average is GBX 65.54.

Insider Activity

In other news, insider Michael Tyerman sold 15,625 shares of Filtronic stock in a transaction dated Monday, September 2nd. The shares were sold at an average price of GBX 79 ($1.02), for a total transaction of £12,343.75 ($16,007.98). Insiders own 38.18% of the company’s stock.

Filtronic Company Profile

Filtronic plc designs, develops, manufactures, and sells advanced radio frequency (RF) communications equipment for telecommunications infrastructure, aerospace and defense, critical communications, and space markets. It provides Morpheus II, an E-band transceiver module; Hades, an E-band active diplexer; Cerus, an E-brand power amplifier for long range E-band communications; tower top amplifiers; Orpheus, an ultra-high-capacity turn-key solution for backhaul, fronthaul, and mid haul; switched filter banks; GaN amplifiers; custom filters products, including metal cavity, ceramic, combline, interdigital, lumped element, suspended substrate, waveguide, and thin-film filters; and custom combiner products.