Filtronic: with increasing orders, expect a gradual upward price move ahead of the AGM Trading Update at the end of this month

Many investors in the £520m-capitalised communication products group Filtronic (LON:FTC) must be hoping for another big share price run like that enjoyed from end-March to end-May this year. It was in that period the market got over-excited about the US launch of the SpaceX IPO, taking any shares in companies with an extra-terrestrial connection to new price Highs. In those two months the shares of Filtronic, the designer and manufacturer of advanced RF solutions for the space, aerospace and defence, and telecoms infrastructure markets, which is also a supplier to SpaceX, rose from 158p to a 4...