Firan Technology Group (TSE:FTG) Stock Passes Below 50-Day Moving Average – Here’s Why

Firan Technology Group Co. (TSE:FTG)’s share price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$11.89 and traded as low as C$11.65. Firan Technology Group shares last traded at C$11.81, with a volume of 44,289 shares changing hands.

Analyst Ratings Changes

Separately, Raymond James Financial increased their target price on Firan Technology Group from C$11.00 to C$14.00 and gave the company an “outperform” rating in a research note on Monday, June 9th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of C$13.00.

Firan Technology Group Price Performance

The company has a 50 day moving average of C$11.89 and a 200-day moving average of C$10.27. The stock has a market capitalization of C$297.29 million, a P/E ratio of 21.09 and a beta of 0.68. The company has a quick ratio of 1.53, a current ratio of 2.54 and a debt-to-equity ratio of 50.28.

Insider Transactions at Firan Technology Group

In other news, Senior Officer Marko Christopher Viinikka acquired 2,743 shares of Firan Technology Group stock in a transaction that occurred on Thursday, July 17th. The shares were purchased at an average cost of C$11.33 per share, for a total transaction of C$31,078.19. 32.64% of the stock is owned by company insiders.

Firan Technology Group Company Profile

Firan Technology Group Corp is a supplier of aerospace and defense electronic products and subsystems. It has two operating segments namely FTG Circuits and FTG Aerospace. FTG Circuits manufactures printed circuit boards within the global marketplace. FTG Aerospace designs and manufactures illuminated cockpit panels, keyboards, bezels, subassemblies, and assemblies for original equipment manufacturers of avionics products and for airframe manufacturers.