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

Firan Technology Group logo with Industrials background

Firan Technology Group Co. (TSE:FTG - Get Free Report) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$9.97 and traded as high as C$11.95. Firan Technology Group shares last traded at C$11.90, with a volume of 36,502 shares traded.

Analysts Set New Price Targets

Several research analysts have recently weighed in on FTG shares. Raymond James Financial lifted their target price 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. Acumen Capital raised their price objective on shares of Firan Technology Group from C$11.50 to C$12.00 and gave the stock a "buy" rating in a research note on Friday, April 11th.

Read Our Latest Research Report on FTG

Firan Technology Group Trading Down 0.4%

The company has a quick ratio of 1.53, a current ratio of 2.54 and a debt-to-equity ratio of 50.28. The firm has a market cap of C$299.92 million, a price-to-earnings ratio of 27.91 and a beta of 1.45. The company has a 50-day moving average price of C$9.97 and a 200 day moving average price of C$8.43.

Insider Transactions at Firan Technology Group

In related news, Director Mike Andrade purchased 10,000 shares of the stock in a transaction dated Friday, April 11th. The shares were acquired at an average cost of C$7.80 per share, for a total transaction of C$78,000.00. 32.64% of the stock is owned by insiders.

About Firan Technology Group

(Get Free Report)

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.

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