Firan Technology Group (TSE:FTG) Share Price Crosses Below 50-Day Moving Average - Here's Why

Key Points

• Firan Technology Group's share price recently fell below its 50-day moving average of C$11.67, closing at C$11.81 with a volume of 28,044 shares traded.
• Raymond James Financial raised its price target for the stock from C$11.00 to C$14.00, maintaining an "outperform" rating, while Firan currently holds a consensus rating of "Buy" with an average price target of C$13.00.
• Insider activity includes purchasing by Senior Officer Marko Christopher Viinikka, who acquired 2,743 shares at an average price of C$11.33 per share, indicating confidence from company insiders.

Firan Technology Group Co. (TSE:FTG - Get Free Report)'s share price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$11.67 and traded as low as C$11.64. Firan Technology Group shares last traded at C$11.81, with a volume of 28,044 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Raymond James Financial lifted their price objective on shares of 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 equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of C$13.00.

Firan Technology Group Stock Up 2.2%

The company's fifty day moving average price is C$11.66 and its 200-day moving average price is C$9.82. The stock has a market cap of C$307.36 million, a P/E ratio of 21.80 and a beta of 0.68. The company has a debt-to-equity ratio of 50.28, a quick ratio of 1.53 and a current ratio of 2.54.

Insiders Place Their Bets

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

Firan Technology Group Company Profile

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.