Firan Technology Group (TSE:FTG) Stock Passes Above 50 Day Moving Average – Should You Sell?

Firan Technology Group Co. (TSE:FTG)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$22.48 and traded as high as C$24.20. Firan Technology Group shares last traded at C$24.09, with a volume of 86,720 shares.

Wall Street Analyst Weigh In

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

Firan Technology Group Trading Up 5.4%

The company has a debt-to-equity ratio of 26.70, a quick ratio of 1.53 and a current ratio of 2.66. The company’s 50 day moving average is C$22.48 and its 200 day moving average is C$19.18. The stock has a market capitalization of C$606.42 million, a price-to-earnings ratio of 40.83 and a beta of 2.16.

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