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

Firan Technology Group Co. (TSE:FTG) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$21.62 and traded as high as C$23.32. Firan Technology Group shares last traded at C$23.28, with a volume of 84,778 shares trading hands.

Analyst Ratings Changes

A number of research analysts have weighed in on FTG shares. ATB Cormark Capital Markets set a C$30.00 price target on Firan Technology Group and gave the company an “outperform” rating in a research note on Wednesday, June 24th. Raymond James Financial upped their price objective on Firan Technology Group from C$20.00 to C$24.00 and gave the stock an “outperform” rating in a research note on Friday, April 10th. Two equities research analysts have 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 price target of C$27.00.

Firan Technology Group Trading Up 1.3%

The business’s 50 day simple moving average is C$21.67 and its 200 day simple moving average is C$18.29. The stock has a market cap of C$593.58 million, a price-to-earnings ratio of 44.49 and a beta of 2.16. The company has a quick ratio of 1.53, a current ratio of 2.65 and a debt-to-equity ratio of 31.08.

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