The stock of Firan Technology Group Corp. (TSE:FTG) hit a new 52-week high and has $7.24 target or 111.00% above today’s $3.43 share price. The 8 months bullish chart indicates low risk for the $75.64 million company. The 1-year high was reported on Nov, 7 by Barchart.com. If the $7.24 price target is reached, the company will be worth $83.96 million 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 22,610 shares traded hands. Firan Technology Group Corp. (TSE:FTG) has risen 52.94% since April 1, 2016 and is uptrending. It has outperformed by 50.98% the S&P500.
More important 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 published article titled: “Firan Technology Group Corporation Announces Closing of C$6900000 Bought Deal …”, Marketwired.com published: “Firan Technology Group Corporation Announces C$6000000 Bought Deal Private …” on April 19, 2016. More interesting news about Firan Technology Group Corp. (TSE:FTG) was released by: Marketwired.com and their article: “Firan Technology Group Corporation (“FTG”) Successfully Completes Rockwell …” with publication date: October 13, 2015.
Firan Technology Group Corporation is a Canada supplier of aerospace and defense electronic products and subsystems. The company has a market cap of $75.64 million. The Firm operates through two divisions: FTG Aerospace and FTG Circuits. It has a 6.87 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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