Firan Technology Group (TSE:FTG) Share Price Passes Above Fifty Day Moving Average – Here’s What Happened

Firan Technology Group Co. (TSE:FTG)’s stock price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$19.66 and traded as high as C$21.02. Firan Technology Group shares last traded at C$20.87, with a volume of 67,273 shares.

Analyst Ratings Changes

Separately, Raymond James Financial increased their target price on Firan Technology Group from C$20.00 to C$24.00 and gave the stock an “outperform” rating in a report on Friday, April 10th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of C$24.00.

Firan Technology Group Trading Up 1.4%

The company has a debt-to-equity ratio of 31.08, a quick ratio of 1.53 and a current ratio of 2.65. The business has a fifty day simple moving average of C$19.66 and a 200 day simple moving average of C$14.98. The company has a market cap of C$525.36 million, a P/E ratio of 39.38 and a beta of 1.96.

Firan Technology Group (TSE:FTG) last released its earnings results on Wednesday, April 8th. The company reported C$0.14 EPS for the quarter. The company had revenue of C$47.30 million for the quarter. Firan Technology Group had a return on equity of 14.24% and a net margin of 6.85%. Analysts anticipate that Firan Technology Group Co. will post 0.4199717 earnings per share for the current fiscal 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.