Firan Technology Group (TSE:FTG) Stock Crosses Above 50-Day Moving Average – What’s Next?

Firan Technology Group Co. (TSE:FTG) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$11.23 and traded as high as C$13.42. Firan Technology Group shares last traded at C$13.40, with a volume of 145,523 shares.

Firan Technology Group Stock Performance

The company has a current ratio of 2.54, a quick ratio of 1.53 and a debt-to-equity ratio of 50.28. The firm has a market capitalization of C$337.32 million, a price-to-earnings ratio of 23.93 and a beta of 1.05. The stock has a fifty day moving average price of C$11.23 and a 200-day moving average price of C$11.48.

Firan Technology Group (TSE:FTG) last announced its quarterly earnings results on Wednesday, October 8th. The company reported C$0.12 earnings per share for the quarter. Firan Technology Group had a return on equity of 16.22% and a net margin of 6.47%.The firm had revenue of C$47.74 million for the quarter. As a group, analysts anticipate that Firan Technology Group Co. will post 0.4199717 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Bradley Collier Bourne acquired 7,500 shares of the firm’s stock in a transaction on Friday, October 17th. The shares were purchased at an average cost of C$10.00 per share, with a total value of C$75,000.00. Following the completion of the purchase, the director owned 2,759,966 shares of the company’s stock, valued at C$27,599,660. This represents a 0.27% increase in their ownership of the stock. 32.64% of the stock is currently owned by company insiders.

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. The company operates in Canada, the United States, Asia, and Europe and generates substantial sales from the United States.