Firan Technology Group (TSE:FTG) Share Price Crosses Above Fifty Day Moving Average – What’s Next?

Firan Technology Group Co. (TSE:FTG)’s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$19.65 and traded as high as C$20.28. Firan Technology Group shares last traded at C$20.18, with a volume of 66,097 shares trading hands.

Analyst Ratings Changes

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

Firan Technology Group Trading Up 1.7%

The company has a market cap of C$516.55 million, a P/E ratio of 38.72 and a beta of 1.96. The company has a current ratio of 2.65, a quick ratio of 1.53 and a debt-to-equity ratio of 31.08. The business has a 50 day moving average price of C$19.66 and a 200-day moving average price of C$15.82.

Firan Technology Group (TSE:FTG) last announced its quarterly earnings data on Wednesday, April 8th. The company reported C$0.14 earnings per share (EPS) for the quarter. Firan Technology Group had a return on equity of 14.24% and a net margin of 6.85%.The company had revenue of C$47.30 million for the quarter. Analysts forecast 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.