Firan Technology Group (TSE:FTG) Stock Price Crosses Below Fifty Day Moving Average – Time to Sell?

Firan Technology Group Co. (TSE:FTG)’s stock price passed 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 traded.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. 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 report on Friday, July 10th. ATB Cormark Capital Markets set a C$30.00 target price on Firan Technology Group and gave the stock an “outperform” rating in a research report on Wednesday, June 24th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Firan Technology Group presently has a consensus rating of “Buy” and an average target price of C$30.00.

Firan Technology Group Stock Up 0.2%

The business has a 50 day moving average of C$23.01 and a 200 day moving average of C$21.44. The company has a debt-to-equity ratio of 26.70, a current ratio of 2.66 and a quick ratio of 1.53. The firm has a market capitalization 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 posted its quarterly earnings results on Wednesday, July 8th. The company reported C$0.20 earnings per share for the quarter. Firan Technology Group had a net margin of 7.46% and a return on equity of 15.33%. The firm had revenue of C$52.73 million for the quarter. On average, equities analysts anticipate that Firan Technology Group Co. will post 0.4199717 EPS 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.