Firan Technology Group (TSE:FTG) Share Price Crosses Above 50-Day Moving Average – Time to Sell?

Shares of Firan Technology Group Co. (TSE:FTG) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$17.29 and traded as high as C$17.40. Firan Technology Group shares last traded at C$17.39, with a volume of 71,548 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Raymond James Financial upped their price target on shares of Firan Technology Group from C$17.50 to C$20.00 and gave the stock a “peer perform” rating in a report on Friday, February 20th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$16.00.

Firan Technology Group Trading Up 1.9%

The business’s 50 day simple moving average is C$17.29 and its two-hundred day simple moving average is C$13.49. The stock has a market cap of C$437.76 million, a P/E ratio of 33.44 and a beta of 1.87. The company has a quick ratio of 1.53, a current ratio of 2.48 and a debt-to-equity ratio of 54.90.

Firan Technology Group (TSE:FTG) last announced its quarterly earnings results on Wednesday, February 18th. The company reported C$0.14 EPS for the quarter. Firan Technology Group had a return on equity of 14.42% and a net margin of 6.98%.The company had revenue of C$51.66 million during the quarter. As a group, analysts expect that Firan Technology Group Co. will post 0.4199717 EPS for the current year.

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.