Firan Technology Group (TSE:FTG) Share Price Crosses Above 50 Day Moving Average – Here’s Why

Firan Technology Group Co. (TSE:FTG)’s share price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$22.86 and traded as high as C$23.60. Firan Technology Group shares last traded at C$23.60, with a volume of 35,379 shares.

Analysts Set New Price Targets

A number of equities analysts recently commented on FTG shares. Raymond James Financial lifted their price objective on Firan Technology Group from C$24.00 to C$30.00 and gave the stock an “outperform” rating in a research note on Friday, July 10th. ATB Cormark Capital Markets set a C$30.00 price objective on shares of Firan Technology Group and gave the stock an “outperform” rating in a research report on Wednesday, June 24th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Firan Technology Group has an average rating of “Buy” and an average target price of C$30.00.

Firan Technology Group Stock Up 2.3%

The stock has a fifty day moving average of C$22.86 and a 200 day moving average of C$19.73. The firm has a market capitalization of C$594.08 million, a P/E ratio of 40.00 and a beta of 2.16. The company has a debt-to-equity ratio of 26.70, a current ratio of 2.66 and a quick ratio of 1.53.

Firan Technology Group (TSE:FTG) last announced its quarterly earnings data on Wednesday, July 8th. The company reported C$0.20 earnings per share (EPS) for the quarter. Firan Technology Group had a return on equity of 15.33% and a net margin of 7.46%.The firm had revenue of C$52.73 million during the quarter. On average, research analysts anticipate that Firan Technology Group Co. will post 0.4199717 EPS for the current fiscal year.

About Firan Technology Group

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.