Firan Technology Group (TSE:FTG) Stock Price Passes Below 50 Day Moving Average – Here’s Why

Firan Technology Group Co. (TSE:FTG) shares crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$23.01 and traded as low as C$19.61. Firan Technology Group shares last traded at C$19.98, with a volume of 162,785 shares.

Analyst Upgrades and Downgrades

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

Firan Technology Group Price Performance

The company has a debt-to-equity ratio of 26.70, a quick ratio of 1.53 and a current ratio of 2.66. The company’s 50 day moving average price is C$23.01 and its 200 day moving average price is C$21.44. The company has a market cap of C$502.96 million, a price-to-earnings ratio of 33.86 and a beta of 1.95.

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

Firan Technology Group Company Profile

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.