Firan Technology Group (TSE:FTG) Stock Crosses Above 50 Day Moving Average – Here’s Why

Firan Technology Group Co. (TSE:FTG)’s stock price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$7.60 and traded as high as C$8.92. Firan Technology Group shares last traded at C$8.65, with a volume of 42,772 shares traded.

Analysts Set New Price Targets

A number of research firms recently issued reports on FTG. Raymond James raised shares of Firan Technology Group to a “moderate buy” rating in a research report on Tuesday, April 8th. Acumen Capital upped their price target on shares of Firan Technology Group from C$11.50 to C$12.00 and gave the stock a “buy” rating in a research report on Friday, April 11th.

Firan Technology Group Price Performance

The company has a market cap of C$218.01 million, a price-to-earnings ratio of 20.28 and a beta of 1.45. The company’s 50-day simple moving average is C$7.60 and its 200-day simple moving average is C$7.45. The company has a debt-to-equity ratio of 50.28, a current ratio of 2.54 and a quick ratio of 1.53.

Insider Activity at Firan Technology Group

In other news, Senior Officer James Crichton sold 10,400 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of C$8.08, for a total transaction of C$84,032.00. Also, Director Mike Andrade purchased 4,000 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was bought at an average cost of C$7.58 per share, for a total transaction of C$30,320.00. In the last three months, insiders bought 15,100 shares of company stock valued at $116,548. Corporate insiders own 32.64% of the company’s stock.

Firan Technology Group Company Profile

Firan Technology Group Corporation manufactures and sells aerospace and defense electronic products and subsystems in Canada, the United States, Asia, Europe, and rest of Americas. The company operates in two segments, FTG Circuits and FTG Aerospace. It offers semi additive process technologies, high density interconnect products, high temperature rigid flex printed, RF boards, thermal management, and rigid flex and assembly products.