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

Firan Technology Group Co. (TSE:FTG)’s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$21.62 and traded as high as C$23.32. Firan Technology Group shares last traded at C$23.28, with a volume of 84,778 shares trading hands.

Analysts Set New Price Targets

FTG has been the topic of several research analyst reports. Raymond James Financial boosted their price target on shares of Firan Technology Group from C$20.00 to C$24.00 and gave the company an “outperform” rating in a research report on Friday, April 10th. ATB Cormark Capital Markets set a C$30.00 target price on Firan Technology Group and gave the company an “outperform” rating in a research note on Wednesday, June 24th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$27.00.

Firan Technology Group Trading Up 2.4%

The company has a current ratio of 2.65, a quick ratio of 1.53 and a debt-to-equity ratio of 31.08. The stock has a 50 day moving average of C$21.62 and a 200-day moving average of C$18.26. The company has a market capitalization of C$586.03 million, a P/E ratio of 43.92 and a beta of 2.02.

Firan Technology Group (TSE:FTG) last issued its earnings results on Wednesday, April 8th. The company reported C$0.14 earnings per share for the quarter. Firan Technology Group had a net margin of 6.85% and a return on equity of 14.24%. The company had revenue of C$47.30 million during the quarter. On average, research analysts predict that Firan Technology Group Co. will post 0.4199717 EPS for the current 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.