Firan Technology Group (TSE:FTG) Shares Cross Below Fifty Day Moving Average – Time to Sell?

Firan Technology Group Co. (TSE:FTG) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$10.99 and traded as low as C$10.95. Firan Technology Group shares last traded at C$11.10, with a volume of 35,031 shares trading hands.

Firan Technology Group Trading Down 1.6%

The firm has a market capitalization of C$279.42 million, a P/E ratio of 19.82 and a beta of 0.50. The company has a quick ratio of 1.53, a current ratio of 2.54 and a debt-to-equity ratio of 50.28. The firm has a 50 day moving average of C$10.99 and a 200-day moving average of C$11.30.

Firan Technology Group (TSE:FTG) last announced its quarterly earnings data on Wednesday, October 8th. The company reported C$0.12 earnings per share for the quarter. The firm had revenue of C$47.74 million during the quarter. Firan Technology Group had a return on equity of 16.22% and a net margin of 6.47%. On average, equities research analysts predict that Firan Technology Group Co. will post 0.4199717 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Bradley Collier Bourne acquired 7,500 shares of the business’s stock in a transaction that occurred on Friday, October 17th. The stock was acquired at an average price of C$10.00 per share, with a total value of C$75,000.00. Following the completion of the transaction, the director directly owned 2,759,966 shares of the company’s stock, valued at C$27,599,660. This trade represents a 0.27% increase in their position. 32.64% of the stock is currently 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.