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

Firan Technology Group Co. (TSE:FTG) 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 trading hands.

Analysts Set New Price Targets

FTG has been the subject of a number of recent analyst reports. ATB Cormark Capital Markets set a C$30.00 target price on shares of Firan Technology Group and gave the company an “outperform” rating in a research report on Wednesday, June 24th. Raymond James Financial boosted their price target on shares of Firan Technology Group from C$24.00 to C$30.00 and gave the stock an “outperform” rating in a research report on Friday, July 10th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$30.00.

Firan Technology Group Price Performance

The business has a 50-day simple moving average of C$22.88 and a two-hundred day simple moving average of C$21.46. The company has a quick ratio of 1.53, a current ratio of 2.66 and a debt-to-equity ratio of 26.70. The stock has a market capitalization of C$501.45 million, a price-to-earnings ratio of 33.76 and a beta of 1.95.

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