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

Firan Technology Group Co. (TSE:FTG) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$11.65 and traded as high as C$11.70. Firan Technology Group shares last traded at C$11.59, with a volume of 25,104 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Raymond James Financial increased their target price on Firan Technology Group from C$11.00 to C$14.00 and gave the company an “outperform” rating in a research report on Monday, June 9th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$13.00.

Firan Technology Group Stock Performance

The business has a 50-day moving average price of C$11.65 and a 200-day moving average price of C$9.58. The firm has a market capitalization of C$292.10 million, a price-to-earnings ratio of 27.18 and a beta of 1.45. The company has a quick ratio of 1.53, a current ratio of 2.54 and a debt-to-equity ratio of 50.28.

Insider Activity

In other Firan Technology Group news, Senior Officer Marko Christopher Viinikka purchased 2,743 shares of Firan Technology Group stock in a transaction dated Thursday, July 17th. The shares were acquired at an average cost of C$11.33 per share, with a total value of C$31,078.19. Insiders own 32.64% of the company’s stock.

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.