The stock of Firan Technology Group Corp. (TSE:FTG) hit a new 52-week high and has $8.16 target or 155.00% above today’s $3.20 share price. The 7 months bullish chart indicates low risk for the $74.11M company. The 1-year high was reported on Oct, 17 by Barchart.com. If the $8.16 price target is reached, the company will be worth $114.87M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 22,300 shares traded hands. Firan Technology Group Corp. (TSE:FTG) has risen 33.33% since March 10, 2016 and is uptrending. It has outperformed by 27.72% the S&P500.
More notable recent Firan Technology Group Corp. (TSE:FTG) news were published by: Marketwired.com which released: “Firan Technology Group Corporation (“FTG”) Announces the Third Quarter 2016 …” on October 05, 2016, also Marketwired.com with their article: “Firan Technology Group Corporation Announces C$6000000 Bought Deal Private …” published on April 19, 2016, Marketwired.com published: “Firan Technology Group Corporation Announces Closing of C$6900000 Bought Deal …” on May 10, 2016. More interesting news about Firan Technology Group Corp. (TSE:FTG) were released by: Marketwired.com and their article: “Firan Technology Group Corporation (“FTG”) Successfully Completes Rockwell …” published on October 13, 2015 as well as Marketwired.com‘s news article titled: “Firan Technology Group Corporation (FTG) Announces Its Aerospace Toronto …” with publication date: March 19, 2015.
Firan Technology Group Corporation is a Canada supplier of aerospace and defense electronic products and subsystems. The company has a market cap of $74.11 million. The Firm operates through two divisions: FTG Aerospace and FTG Circuits. It has a 6.41 P/E ratio. The FTG Aerospace segment makes illuminated cockpit panels, keyboards, bezels, and sub-assemblies and assemblies for original equipment manufacturers (OEMs) of avionics products, as well as for airframe manufacturers around the world.
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