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

Key Points

• Firan Technology Group's share price has risen above its 50-day moving average, trading at C$11.96 after reaching a high of C$12.25.
• Raymond James Financial upgraded its target price for Firan Technology Group from C$11.00 to C$14.00 and rated the stock as "outperform."
• The company, which specializes in aerospace and defense electronic products, has a debt-to-equity ratio of 50.28 and a market capitalization of C$301.07 million.

Firan Technology Group Co. (TSE:FTG - Get Free Report) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$11.95 and traded as high as C$12.25. Firan Technology Group shares last traded at C$11.96, with a volume of 43,823 shares.

Analyst Upgrades and Downgrades

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

Firan Technology Group Price Performance

The company has a debt-to-equity ratio of 50.28, a quick ratio of 1.53 and a current ratio of 2.54. The stock has a market capitalization of C$301.07 million, a P/E ratio of 21.36 and a beta of 0.68. The firm has a 50-day moving average price of C$11.95 and a 200 day moving average price of C$10.48.

Insider Activity at Firan Technology Group

In other news, Senior Officer Marko Christopher Viinikka acquired 2,743 shares of Firan Technology Group stock in a transaction dated Thursday, July 17th. The shares were purchased at an average cost of C$11.33 per share, for a total transaction of C$31,078.19. Company insiders own 32.64% of the company's stock.

About Firan Technology Group

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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