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

Firan Technology Group Co. (TSE:FTG)’s share price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$23.17 and traded as high as C$25.95. Firan Technology Group shares last traded at C$25.16, with a volume of 61,808 shares traded.

Analyst Ratings Changes

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

Firan Technology Group Stock Up 9.6%

The firm has a market cap of C$633.35 million, a price-to-earnings ratio of 42.64 and a beta of 2.15. The firm has a 50 day moving average of C$23.17 and a 200 day moving average of C$20.17. The company has a quick ratio of 1.53, a current ratio of 2.66 and a debt-to-equity ratio of 26.70.

Firan Technology Group (TSE:FTG) last posted its quarterly earnings results on Wednesday, July 8th. The company reported C$0.20 earnings per share (EPS) for the quarter. The firm had revenue of C$52.73 million for the quarter. Firan Technology Group had a return on equity of 15.33% and a net margin of 7.46%. As a group, sell-side analysts predict that Firan Technology Group Co. will post 0.4199717 earnings per share for the current 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.