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Firan Technology Group (TSE:FTG) Stock Price Crosses Above 50-Day Moving Average - Should You Sell?

Firan Technology Group logo with Industrials background

Key Points

  • Firan Technology Group's share price exceeded its 50-day moving average of C$11.65 during trading, reaching a peak of C$11.70.
  • Raymond James Financial has raised the company's target price from C$11.00 to C$14.00, maintaining an "outperform" rating.
  • Insider buying activity was notable, with Senior Officer Marko Viinikka purchasing 2,743 shares at an average price of C$11.33 each.
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Firan Technology Group Co. (TSE:FTG - Get Free Report) 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 traded.

Analyst Ratings Changes

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

Check Out Our Latest Stock Analysis on Firan Technology Group

Firan Technology Group Trading Up 1.1%

The firm has a market capitalization of C$294.62 million, a P/E ratio of 27.41 and a beta of 1.45. The business's 50-day moving average is C$11.67 and its 200 day moving average is C$9.63. 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 Transactions at Firan Technology Group

In other Firan Technology Group news, Senior Officer Marko Christopher Viinikka acquired 2,743 shares of the company's stock in a transaction that occurred on Thursday, July 17th. The stock was acquired at an average price of C$11.33 per share, for a total transaction of C$31,078.19. 32.64% of the stock is currently owned by company insiders.

About Firan Technology Group

(Get Free Report)

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.

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