Firan Technology Group (TSE:FTG) Sets New 52-Week High Following Analyst Upgrade

Firan Technology Group Co. (TSE:FTG) shares reached a new 52-week high during mid-day trading on Monday after Raymond James Financial raised their price target on the stock from C$17.50 to C$20.00. Raymond James Financial currently has a peer perform rating on the stock. Firan Technology Group traded as high as C$20.00 and last traded at C$19.96, with a volume of 234120 shares changing hands. The stock had previously closed at C$18.92.

Firan Technology Group Stock Up 5.5%

The firm’s 50-day simple moving average is C$13.77 and its 200-day simple moving average is C$12.22. The company has a debt-to-equity ratio of 50.28, a quick ratio of 1.53 and a current ratio of 2.54. The company has a market capitalization of C$502.45 million, a price-to-earnings ratio of 35.64 and a beta of 1.26.

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.