Firan Technology Group (TSE:FTG) Share Price Crosses Above 50-Day Moving Average – What’s Next?

Firan Technology Group Co. (TSE:FTG) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$22.86 and traded as high as C$23.60. Firan Technology Group shares last traded at C$23.60, with a volume of 35,379 shares.

Analysts Set New Price Targets

A number of research firms have recently issued reports on FTG. Raymond James Financial lifted their price target 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 price target on Firan Technology Group and gave the stock an “outperform” rating in a report on Wednesday, June 24th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$30.00.

Firan Technology Group Stock Down 1.3%

The company has a current ratio of 2.66, a quick ratio of 1.53 and a debt-to-equity ratio of 26.70. The stock has a market cap of C$578.98 million, a price-to-earnings ratio of 38.98 and a beta of 2.16. The firm’s 50 day moving average is C$22.95 and its two-hundred day moving average is C$19.81.

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 firm had revenue of C$52.73 million for the quarter. On average, sell-side analysts predict that Firan Technology Group Co. will post 0.4199717 EPS for the current year.

About Firan Technology Group

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.