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

Firan Technology Group Co. (TSE:FTG)’s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty 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 trading hands.

Analysts Set New Price Targets

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

Firan Technology Group Stock Performance

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 stock has a 50-day moving average price of C$22.48 and a 200-day moving average price of C$19.18. The company has a market capitalization of C$606.42 million, a price-to-earnings ratio of 40.83 and a beta of 2.16.

Firan Technology Group (TSE:FTG) last issued its quarterly earnings data on Wednesday, July 8th. The company reported C$0.20 earnings per share for the quarter. The company had revenue of C$52.73 million for the quarter. Firan Technology Group had a net margin of 7.46% and a return on equity of 15.33%. As a group, analysts forecast that Firan Technology Group Co. will post 0.4199717 earnings per share 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.