Filtronic (LON:FTC) Stock Passes Above 200 Day Moving Average of $59.20

Filtronic plc (LON:FTC) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 59.20 ($0.78) and traded as high as GBX 75.25 ($0.99). Filtronic shares last traded at GBX 75 ($0.99), with a volume of 955,970 shares.

Filtronic Price Performance

The company’s 50-day moving average price is GBX 72.94 and its two-hundred day moving average price is GBX 59.30. The company has a market cap of £159.78 million, a P/E ratio of 7,275.00 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

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 ($1.04), for a total value of £12,343.75 ($16,306.14). Company insiders own 53.39% 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.