Firan Technology Group (TSE:FTG) Shares Cross Above Fifty Day Moving Average – Here’s Why

Firan Technology Group Co. (TSE:FTG) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty 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 Analysts Forecast Growth

A number of research firms have commented on FTG. ATB Cormark Capital Markets set a C$30.00 target price on shares of Firan Technology Group and gave the stock an “outperform” rating in a report on Wednesday, June 24th. Raymond James Financial raised their price target 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. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Firan Technology Group has a consensus rating of “Buy” and an average price target of C$30.00.

Firan Technology Group Trading Down 1.9%

The firm has a market capitalization of C$606.17 million, a price-to-earnings ratio of 40.81 and a beta of 2.15. The business’s fifty day moving average is C$23.14 and its 200 day moving average is C$20.70. The company has a quick ratio of 1.53, a current ratio of 2.66 and a debt-to-equity ratio of 26.70.

Firan Technology Group (TSE:FTG) last announced its earnings results on Wednesday, July 8th. The company reported C$0.20 earnings per share for the quarter. Firan Technology Group had a net margin of 7.46% and a return on equity of 15.33%. The firm had revenue of C$52.73 million during the quarter. Equities analysts predict 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.