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

Firan Technology Group Co. (TSE:FTG)’s share price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$23.17 and traded as high as C$25.95. Firan Technology Group shares last traded at C$25.16, with a volume of 61,808 shares changing hands.

Wall Street Analyst Weigh In

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

Firan Technology Group Stock Performance

The firm has a market capitalization of C$633.35 million, a P/E ratio of 42.64 and a beta of 2.15. The company has a current ratio of 2.66, a quick ratio of 1.53 and a debt-to-equity ratio of 26.70. The company has a 50-day moving average of C$23.17 and a 200-day moving average of C$20.17.

Firan Technology Group (TSE:FTG) last announced its earnings results on Wednesday, July 8th. The company reported C$0.20 EPS 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. On average, equities analysts anticipate that Firan Technology Group Co. will post 0.4199717 earnings per share for the current fiscal year.

Firan Technology Group Company Profile

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.