Firan Technology Group (TSE:FTG) Shares Cross Above 50 Day Moving Average - Here's Why

Key Points

• Shares crossed above the 50‑day moving average: FTG rose above its 50‑day MA of C$16.83, trading as high as C$18.01 and last at C$17.64 on volume of 122,015 shares.
• Analyst update lifts target: Raymond James raised its price target from C$17.50 to C$20 and kept a "peer perform" rating, while the consensus on MarketBeat is a "Moderate Buy" with an average target of C$16.00.
• Company profile and valuation: Firan is an aerospace and defense electronics supplier with a market cap of about C$444 million, a P/E of 33.92, and a debt‑to‑equity ratio near 54.9.

Firan Technology Group Co. (TSE:FTG - Get Free Report)'s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$16.83 and traded as high as C$18.01. Firan Technology Group shares last traded at C$17.64, with a volume of 122,015 shares.

Analysts Set New Price Targets

Separately, Raymond James Financial boosted their price objective on shares of Firan Technology Group from C$17.50 to C$20.00 and gave the company a "peer perform" rating in a research note on Friday, February 20th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Firan Technology Group presently has a consensus rating of "Moderate Buy" and an average target price of C$16.00.

Firan Technology Group Stock Down 3.3%

The stock has a fifty day moving average price of C$16.83 and a 200-day moving average price of C$13.26. The firm has a market cap of C$444.05 million, a PE ratio of 33.92 and a beta of 1.87. The company has a debt-to-equity ratio of 54.90, a quick ratio of 1.53 and a current ratio of 2.48.

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. The company operates in Canada, the United States, Asia, and Europe and generates substantial sales from the United States.

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