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

Key Points

• Firan Technology Group's stock surpassed its 50-day moving average of C$11.70, trading highs of C$12.96 and closing at C$12.50 with a trading volume of 44,029 shares.
• Raymond James Financial upgraded the company's target price from C$11.00 to C$14.00 and rated it as "outperform," while the average rating remains "Buy" with a target of C$13.00.
• Corporate insider Marko Christopher Viinikka purchased 2,743 shares for C$31,078.19, contributing to the 32.64% insider ownership of the company.

Firan Technology Group Co. (TSE:FTG - Get Free Report)'s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$11.70 and traded as high as C$12.96. Firan Technology Group shares last traded at C$12.50, with a volume of 44,029 shares changing hands.

Analysts Set New Price Targets

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

Firan Technology Group Stock Performance

The stock has a market cap of C$315.67 million, a price-to-earnings ratio of 22.39 and a beta of 0.68. The stock's 50 day moving average is C$11.77 and its two-hundred day moving average is C$10.00. The company has a current ratio of 2.54, a quick ratio of 1.53 and a debt-to-equity ratio of 50.28.

Insider Buying and Selling at Firan Technology Group

In other news, Senior Officer Marko Christopher Viinikka bought 2,743 shares of the stock in a transaction dated Thursday, July 17th. The shares were acquired at an average price of C$11.33 per share, with a total value of C$31,078.19. 32.64% of the stock is currently owned by insiders.

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.