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

Firan Technology Group Co. (TSE:FTG) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$17.29 and traded as high as C$17.40. Firan Technology Group shares last traded at C$17.39, with a volume of 71,548 shares traded.

Analysts Set New Price Targets

Separately, Raymond James Financial raised their price target on shares of Firan Technology Group from C$17.50 to C$20.00 and gave the company a “peer perform” rating in a research note on Friday, February 20th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$16.00.

Firan Technology Group Stock Up 1.9%

The stock has a 50-day moving average price of C$17.29 and a 200-day moving average price of C$13.49. The company has a debt-to-equity ratio of 54.90, a current ratio of 2.48 and a quick ratio of 1.53. The company has a market capitalization of C$437.76 million, a P/E ratio of 33.44 and a beta of 1.87.

Firan Technology Group (TSE:FTG) last announced its earnings results on Wednesday, February 18th. The company reported C$0.14 EPS for the quarter. The business had revenue of C$51.66 million for the quarter. Firan Technology Group had a return on equity of 14.42% and a net margin of 6.98%. On average, research analysts predict that Firan Technology Group Co. will post 0.4199717 EPS for the current fiscal year.

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