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

Shares of Firan Technology Group Co. (TSE:FTG) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$19.65 and traded as high as C$20.42. Firan Technology Group shares last traded at C$20.29, with a volume of 79,339 shares changing hands.

Wall Street Analyst Weigh In

Separately, Raymond James Financial upped their price objective on Firan Technology Group from C$20.00 to C$24.00 and gave the company an “outperform” rating in a research note on Friday, April 10th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$24.00.

Firan Technology Group Stock Performance

The firm has a market capitalization of C$510.76 million, a P/E ratio of 38.28 and a beta of 1.96. The stock has a 50-day moving average of C$19.65 and a 200 day moving average of C$15.41. The company has a debt-to-equity ratio of 31.08, a quick ratio of 1.53 and a current ratio of 2.65.

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

About Firan Technology Group

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.