Filtronic (LON:FTC) Reaches New 12-Month High – Time to Buy?

Filtronic plc (LON:FTC) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 84 ($1.04) and last traded at GBX 82.04 ($1.01), with a volume of 8526034 shares trading hands. The stock had previously closed at GBX 76 ($0.94).

Filtronic Stock Performance

The business has a fifty day moving average of GBX 74.37 and a 200 day moving average of GBX 72.16. The company has a market cap of £186.41 million, a P/E ratio of 8,516.50 and a beta of 0.87. The company has a quick ratio of 2.13, a current ratio of 2.08 and a debt-to-equity ratio of 20.36.

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.