Firan Technology Group (TSE:FTG) Shares Pass Above 50-Day Moving Average – Time to Sell?

Firan Technology Group Co. (TSE:FTG)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$23.15 and traded as high as C$25.07. Firan Technology Group shares last traded at C$24.87, with a volume of 11,899 shares changing hands.

Wall Street Analyst Weigh In

Several research firms recently issued reports on FTG. Raymond James Financial increased their target price on Firan Technology Group from C$24.00 to C$30.00 and gave the stock an “outperform” rating in a research report on Friday, July 10th. ATB Cormark Capital Markets set a C$30.00 price target on Firan Technology Group and gave the stock an “outperform” rating in a report on Wednesday, June 24th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$30.00.

Firan Technology Group Stock Down 0.0%

The company has a quick ratio of 1.53, a current ratio of 2.66 and a debt-to-equity ratio of 26.70. The company has a market capitalization of C$626.05 million, a PE ratio of 42.15 and a beta of 2.15. The company’s 50 day moving average is C$23.15 and its two-hundred day moving average is C$20.63.

Firan Technology Group (TSE:FTG) last announced its quarterly earnings results on Wednesday, July 8th. The company reported C$0.20 EPS for the quarter. Firan Technology Group had a net margin of 7.46% and a return on equity of 15.33%. The business had revenue of C$52.73 million for the quarter. On average, analysts anticipate 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.