Firan Technology Group (TSE:FTG) Share Price Crosses Above 50 Day Moving Average – Should You Sell?

Firan Technology Group Co. (TSE:FTG) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$12.75 and traded as high as C$15.08. Firan Technology Group shares last traded at C$15.00, with a volume of 103,757 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Raymond James Financial lifted their price objective on Firan Technology Group from C$15.00 to C$17.50 and gave the stock an “outperform” rating in a report on Friday, January 30th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$14.75.

Firan Technology Group Price Performance

The stock has a market cap of C$377.60 million, a PE ratio of 26.79 and a beta of 1.26. The business’s 50-day simple moving average is C$12.75 and its 200-day simple moving average is C$11.90. The company has a quick ratio of 1.53, a current ratio of 2.54 and a debt-to-equity ratio of 50.28.

Firan Technology Group (TSE:FTG) last posted its earnings results on Wednesday, October 8th. The company reported C$0.12 earnings per share for the quarter. Firan Technology Group had a net margin of 6.47% and a return on equity of 16.22%. The company had revenue of C$47.74 million during the quarter. On average, research analysts expect that Firan Technology Group Co. will post 0.4199717 EPS for the current fiscal 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.