Firan Technology Group (TSE:FTG) Share Price Passes Above 50 Day Moving Average – Here’s What Happened

Shares of Firan Technology Group Co. (TSE:FTG) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$22.48 and traded as high as C$24.20. Firan Technology Group shares last traded at C$24.09, with a volume of 86,720 shares traded.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on FTG. ATB Cormark Capital Markets set a C$30.00 target price on shares of Firan Technology Group and gave the company an “outperform” rating in a research report on Wednesday, June 24th. Raymond James Financial raised their price target on shares of Firan Technology Group from C$24.00 to C$30.00 and gave the stock an “outperform” rating in a research report on Friday, July 10th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Firan Technology Group currently has an average rating of “Buy” and an average price target of C$30.00.

Firan Technology Group Price Performance

The firm has a market cap of C$606.42 million, a P/E ratio of 40.83 and a beta of 2.16. The company has a debt-to-equity ratio of 26.70, a current ratio of 2.66 and a quick ratio of 1.53. The company’s 50-day moving average is C$22.48 and its two-hundred day moving average is C$19.18.

Firan Technology Group (TSE:FTG) last issued its earnings results on Wednesday, July 8th. The company reported C$0.20 earnings per share for the quarter. Firan Technology Group had a return on equity of 15.33% and a net margin of 7.46%.The firm had revenue of C$52.73 million for the quarter. Sell-side analysts anticipate that Firan Technology Group Co. will post 0.4199717 EPS for the current fiscal year.

About Firan Technology Group

FTG is an aerospace and defence electronics product and subsystem supplier to customers around the globe. FTG has two operating units: FTG Circuits: A manufacturer of high technology, high reliability printed circuit boards. Our customers are leaders in the aviation, defence, and high technology industries. FTG Circuits has operations in Toronto, Ontario, Chatsworth, California, Fredericksburg, Virginia, Minnetonka, Minnesota, Haverhill, Massachusetts, and a joint venture in Tianjin, China. FTG Aerospace: Designs, certifies, manufactures, and provides in-service support for illuminated cockpit products and electronic assemblies for original equipment manufacturers and operators of aerospace and defence equipment.