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

Firan Technology Group Co. (TSE:FTG)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$15.05 and traded as high as C$20.30. Firan Technology Group shares last traded at C$20.16, with a volume of 152,084 shares.

Wall Street Analyst Weigh In

Separately, Raymond James Financial increased their price objective on Firan Technology Group from C$17.50 to C$20.00 and gave the company a “peer perform” rating in a research report on Friday, February 20th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Firan Technology Group currently has a consensus rating of “Moderate Buy” and an average price target of C$16.00.

Firan Technology Group Stock Down 3.9%

The company has a quick ratio of 1.53, a current ratio of 2.48 and a debt-to-equity ratio of 54.90. The company has a market cap of C$492.89 million, a PE ratio of 37.65 and a beta of 1.26. The company’s fifty day moving average is C$15.38 and its 200-day moving average is C$12.74.

About Firan Technology Group

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.