Filtronic (LON:FTC) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Filtronic plc (LON:FTC)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 71.56 ($0.90) and traded as high as GBX 78 ($0.98). Filtronic shares last traded at GBX 76.34 ($0.96), with a volume of 150,598 shares trading hands.

Filtronic Price Performance

The stock has a 50 day moving average of GBX 72.15 and a 200-day moving average of GBX 71.56. The stock has a market capitalization of £167.10 million, a P/E ratio of 7,634.40 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.

Insider Activity at Filtronic

In other news, insider Michael Tyerman purchased 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 ($0.80) per share, for a total transaction of £3,520 ($4,411.03). 38.18% of the stock is currently owned by company insiders.

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.