Firan Technology Group (TSE:FTG) Stock Crosses Above 50-Day Moving Average – What’s Next?

Firan Technology Group Co. (TSE:FTGGet Free Report)’s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$11.23 and traded as high as C$13.42. Firan Technology Group shares last traded at C$13.40, with a volume of 145,523 shares changing hands.

Firan Technology Group Trading Up 10.4%

The company’s 50-day moving average is C$11.23 and its 200-day moving average is C$11.48. The company has a debt-to-equity ratio of 50.28, a quick ratio of 1.53 and a current ratio of 2.54. The firm has a market cap of C$337.32 million, a price-to-earnings ratio of 23.93 and a beta of 1.05.

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

Insiders Place Their Bets

In other news, Director Bradley Collier Bourne acquired 7,500 shares of Firan Technology Group stock in a transaction on Friday, October 17th. The shares were purchased at an average price of C$10.00 per share, with a total value of C$75,000.00. Following the acquisition, the director owned 2,759,966 shares in the company, valued at C$27,599,660. This represents a 0.27% increase in their ownership of the stock. 32.64% of the stock is owned by company insiders.

Firan Technology Group Company Profile

(Get Free Report)

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. The company operates in Canada, the United States, Asia, and Europe and generates substantial sales from the United States.

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