Firan Technology Group (TSE:FTG) Shares Pass Above Fifty Day Moving Average of $5.27

Shares of Firan Technology Group Co. (TSE:FTG) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$5.27 and traded as high as C$5.68. Firan Technology Group shares last traded at C$5.65, with a volume of 432 shares.

Wall Street Analysts Forecast Growth

Separately, Acumen Capital raised their price target on Firan Technology Group from C$6.00 to C$7.00 and gave the stock a “buy” rating in a research note on Monday, April 15th.

Firan Technology Group Price Performance

The company has a current ratio of 2.25, a quick ratio of 1.53 and a debt-to-equity ratio of 57.92. The stock has a market capitalization of C$134.87 million, a P/E ratio of 16.14 and a beta of 1.49. The stock has a 50 day moving average of C$5.27 and a 200-day moving average of C$5.03.

Firan Technology Group (TSE:FTG) last issued its quarterly earnings results on Thursday, April 11th. The company reported C$0.04 earnings per share (EPS) for the quarter. The firm had revenue of C$34.98 million during the quarter. Firan Technology Group had a return on equity of 15.46% and a net margin of 5.91%. On average, equities research analysts anticipate that Firan Technology Group Co. will post 0.3500993 earnings per share for the current fiscal year.

Insider Buying and Selling at Firan Technology Group

In other news, Director Mike Andrade bought 11,000 shares of the firm’s stock in a transaction on Tuesday, April 16th. The stock was acquired at an average cost of C$5.39 per share, with a total value of C$59,290.00. In related news, Senior Officer Bradley Collier Bourne purchased 13,000 shares of Firan Technology Group stock in a transaction dated Monday, April 22nd. The stock was purchased at an average cost of C$4.97 per share, with a total value of C$64,610.00. Also, Director Mike Andrade purchased 11,000 shares of Firan Technology Group stock in a transaction dated Tuesday, April 16th. The stock was bought at an average cost of C$5.39 per share, with a total value of C$59,290.00. Insiders bought a total of 28,000 shares of company stock valued at $138,380 in the last ninety days. Corporate insiders own 34.22% of the company’s stock.

Firan Technology Group Company Profile

Firan Technology Group Corporation manufactures and sells aerospace and defense electronic products and subsystems in Canada, the United States, Asia, Europe, and rest of Americas. The company operates in two segments, FTG Circuits and FTG Aerospace. It offers semi additive process technologies, high density interconnect products, high temperature rigid flex printed, RF boards, thermal management, and rigid flex and assembly products.