Firan Technology Group (TSE:FTG) Sets New 52-Week High – Time to Buy?

Firan Technology Group Co. (TSE:FTG) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$22.70 and last traded at C$22.39, with a volume of 20364 shares. The stock had previously closed at C$21.20.

Wall Street Analysts Forecast Growth

Separately, Raymond James Financial raised their price target on Firan Technology Group from C$17.50 to C$20.00 and gave the stock a “peer perform” rating in a report on Friday, February 20th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$16.00.

Firan Technology Group Stock Up 5.9%

The firm has a 50 day simple moving average of C$18.04 and a two-hundred day simple moving average of C$13.88. The company has a debt-to-equity ratio of 54.90, a quick ratio of 1.53 and a current ratio of 2.48. The stock has a market cap of C$565.13 million, a P/E ratio of 43.17 and a beta of 1.92.

Firan Technology Group (TSE:FTG) last announced its earnings results on Wednesday, February 18th. The company reported C$0.14 earnings per share for the quarter. The firm had revenue of C$51.66 million for the quarter. Firan Technology Group had a return on equity of 14.42% and a net margin of 6.85%. Equities research analysts predict that Firan Technology Group Co. will post 0.4199717 earnings per share for the current year.

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. The company operates in Canada, the United States, Asia, and Europe and generates substantial sales from the United States.