Filtronic (LON:FTC) Share Price Passes Below 200-Day Moving Average – What’s Next?

Filtronic plc (LON:FTC)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred 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.

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 £136.80 million, a P/E ratio of 6,250.00 and a beta of 0.87. The firm’s fifty day moving average price is GBX 71.52 and its 200-day moving average price is GBX 65.19.

Insider Transactions at Filtronic

In other news, insider Michael Tyerman bought 5,500 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The shares were purchased at an average price of GBX 64 ($0.83) per share, for a total transaction of £3,520 ($4,564.91). Company 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.