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Firan Technology Group (TSE:FTG) Share Price Passes Above Fifty Day Moving Average - Here's What Happened

Firan Technology Group logo with Industrials background

Firan Technology Group Co. (TSE:FTG - Get Free Report) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$9.55 and traded as high as C$11.70. Firan Technology Group shares last traded at C$11.70, with a volume of 97,437 shares.

Analysts Set New Price Targets

FTG has been the subject of a number of recent research reports. Raymond James Financial boosted their price objective on Firan Technology Group from C$11.00 to C$14.00 and gave the stock an "outperform" rating in a report on Monday, June 9th. Acumen Capital boosted their price objective on Firan Technology Group from C$11.50 to C$12.00 and gave the stock a "buy" rating in a report on Friday, April 11th.

Check Out Our Latest Report on Firan Technology Group

Firan Technology Group Trading Up 4.4%

The firm has a fifty day simple moving average of C$9.55 and a two-hundred day simple moving average of C$8.24. The firm has a market capitalization of C$294.88 million, a P/E ratio of 27.44 and a beta of 1.45. 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 Buying and Selling at Firan Technology Group

In related news, Director Mike Andrade bought 10,000 shares of the company's stock in a transaction on Friday, April 11th. The shares were purchased at an average price of C$7.80 per share, for a total transaction of C$78,000.00. 32.64% of the stock is owned by corporate 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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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