Firan Technology Group (TSE:FTG) Stock Passes Below 50-Day Moving Average - What's Next?

Key Points

• Firan Technology Group's stock (TSE:FTG) fell below its fifty-day moving average of C$11.72, closing at C$10.32 with a trading low of C$10.25.
• Director Bradley Collier Bourne purchased 7,500 shares at an average price of C$10.00, increasing his ownership to approximately C$27.6 million, representing about 32.64% insider ownership.
• Firan Technology Group operates in the aerospace and defense sectors, specializing in printed circuit boards and avionic products through its segments, FTG Circuits and FTG Aerospace.

Shares of Firan Technology Group Co. (TSE:FTG - ) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$11.72 and traded as low as C$10.25. Firan Technology Group shares last traded at C$10.32, with a volume of 37,940 shares changing hands.

Firan Technology Group Stock Up 1.5%

The company's fifty day moving average price is C$11.72 and its 200-day moving average price is C$10.78. The stock has a market capitalization of C$259.79 million, a PE ratio of 18.43 and a beta of 0.42. The company has a quick ratio of 1.53, a current ratio of 2.54 and a debt-to-equity ratio of 50.28.

Insiders Place Their Bets

In other news, Director Bradley Collier Bourne acquired 7,500 shares of the firm's stock in a transaction that occurred on Friday, October 17th. The stock was bought at an average cost of C$10.00 per share, for a total transaction of C$75,000.00. Following the acquisition, the director directly owned 2,759,966 shares in the company, valued at approximately C$27,599,660. The trade was a 0.27% increase in their ownership of the stock. 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.

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