Filtronic (LON:FTC) Stock Passes Below 200-Day Moving Average – Here’s What Happened

Filtronic plc (LON:FTC) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 65.19 ($0.85) and traded as low as GBX 61.10 ($0.79). Filtronic shares last traded at GBX 62.50 ($0.81), with a volume of 869,456 shares changing hands.

Filtronic Stock Performance

The company has a debt-to-equity ratio of 20.36, a current ratio of 2.08 and a quick ratio of 2.13. The stock’s 50-day moving average is GBX 71.33 and its 200 day moving average is GBX 65.59. The stock has a market cap of £161.97 million, a price-to-earnings ratio of 7,400.00 and a beta of 0.87.

Insider Activity

In related news, insider Michael Tyerman sold 15,625 shares of the stock in a transaction dated Monday, September 2nd. The shares were sold at an average price of GBX 79 ($1.02), for a total value 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.