Filtronic (LON:FTC) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Shares of Filtronic plc (LON:FTC) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 86.16 ($1.14) and traded as high as GBX 97 ($1.29). Filtronic shares last traded at GBX 95 ($1.26), with a volume of 764,287 shares.

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 company has a market capitalization of £212.75 million, a PE ratio of 67.16 and a beta of 0.87. The stock has a 50-day simple moving average of GBX 102.69 and a 200 day simple moving average of GBX 86.36.

Filtronic (LON:FTC) last issued its quarterly earnings results on Tuesday, February 4th. The company reported GBX 3.08 ($0.04) EPS for the quarter. Filtronic had a net margin of 12.35% and a return on equity of 24.34%. Equities analysts anticipate that Filtronic plc will post 3.0730129 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Michael Tyerman sold 336,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of GBX 112 ($1.49), for a total transaction of £376,320 ($499,296.80). Also, insider Nat Edington bought 26,334 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The stock was purchased at an average price of GBX 95 ($1.26) per share, with a total value of £25,017.30 ($33,192.65). Insiders sold 344,663 shares of company stock worth $38,319,866 over the last three months. 38.18% of the stock is owned by insiders.

About Filtronic

For leading global telecommunications, space, aerospace, and defence organisations, Filtronic provides the design and manufacturing of complex high-frequency, communication solutions. In today’s data-driven world, Filtronic excels in transmitting vast amounts of analog data quickly and accurately over long distances.