Firan Technology Group (TSE:FTG) Stock Price Passes Above 50-Day Moving Average – Time to Sell?

Firan Technology Group Co. (TSE:FTG)’s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$23.17 and traded as high as C$25.95. Firan Technology Group shares last traded at C$25.16, with a volume of 61,808 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on FTG. ATB Cormark Capital Markets set a C$30.00 target price on shares of Firan Technology Group and gave the company an “outperform” rating in a research note on Wednesday, June 24th. Raymond James Financial raised their target price on Firan Technology Group from C$24.00 to C$30.00 and gave the company an “outperform” rating in a report on Friday, July 10th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Firan Technology Group presently has an average rating of “Buy” and a consensus price target 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’s 50 day moving average is C$23.14 and its two-hundred day moving average is C$20.32. The firm has a market cap of C$630.84 million, a P/E ratio of 42.47 and a beta of 2.15.

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. The business had revenue of C$52.73 million for the quarter. Firan Technology Group had a return on equity of 15.33% and a net margin of 7.46%. As a group, equities 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.