Firan Technology Group (TSE:FTG) Stock Crosses Above Fifty Day Moving Average – Here’s What Happened

Firan Technology Group Co. (TSE:FTG) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty 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.

Analysts Set New Price Targets

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

Firan Technology Group Price 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 stock has a market capitalization of C$377.60 million, a P/E ratio of 26.79 and a beta of 1.26. The company has a fifty day simple moving average of C$12.75 and a two-hundred day simple moving average of C$11.89.

Firan Technology Group (TSE:FTG) last issued its quarterly earnings results on Wednesday, October 8th. The company reported C$0.12 EPS for the quarter. The company had revenue of C$47.74 million during the quarter. Firan Technology Group had a net margin of 6.47% and a return on equity of 16.22%. Sell-side 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.