Filtronic (LON:FTC) Share Price Crosses Above Two Hundred Day Moving Average of $8.23

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Filtronic Plc (LON:FTC)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.23 and traded as high as $8.50. Filtronic shares last traded at $8.15, with a volume of 323,390 shares changing hands.

Separately, FinnCap reaffirmed a “corporate” rating on shares of Filtronic in a research report on Monday, July 6th.

The company has a current ratio of 1.64, a quick ratio of 1.15 and a debt-to-equity ratio of 30.47. The business’s 50-day moving average is GBX 8.41 and its two-hundred day moving average is GBX 8.23. The firm has a market cap of $17.43 million and a P/E ratio of -9.06.

About Filtronic (LON:FTC)

Filtronic plc designs and manufactures customized radio frequency, microwave, and millimeter wave components and subsystems in the United Kingdom, rest of Europe, the Americas, and internationally. The company operates in two segments, Filtronic Wireless and Filtronic Broadband. It offers E-band and V-band transceiver modules; GaN amplifiers, including point-to-point backhaul radio links and power amplifiers; microwave and millimeter-wave filters and diplexers; E-band power amplifiers; and ultra-high capacity data links.

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