Firan Technology Group (TSE:FTG) Shares Pass Below 50-Day Moving Average – Time to Sell?

Firan Technology Group Co. (TSE:FTG)’s share price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$11.67 and traded as low as C$11.64. Firan Technology Group shares last traded at C$11.81, with a volume of 28,044 shares traded.

Analyst Upgrades and Downgrades

Separately, Raymond James Financial upped their price objective on shares of Firan Technology Group from C$11.00 to C$14.00 and gave the stock an “outperform” rating in a research report on Monday, June 9th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Firan Technology Group presently has a consensus rating of “Buy” and an average price target of C$13.00.

Firan Technology Group Stock Performance

The stock has a market capitalization of C$297.29 million, a price-to-earnings ratio of 21.09 and a beta of 0.68. The stock’s 50 day moving average is C$11.67 and its 200 day moving average is C$9.74. The company has a current ratio of 2.54, a quick ratio of 1.53 and a debt-to-equity ratio of 50.28.

Insider Buying and Selling

In other news, Senior Officer Marko Christopher Viinikka purchased 2,743 shares of the firm’s stock in a transaction on Thursday, July 17th. The shares were bought at an average cost of C$11.33 per share, with a total value of C$31,078.19. Insiders own 32.64% of the company’s stock.

Firan Technology Group Company Profile

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.