Firan Technology Group (TSE:FTG) Sets New 12-Month High – Here’s What Happened

Firan Technology Group Co. (TSE:FTG – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Wednesday. The stock traded as high as C$35.24 and last traded at C$32.34, with a volume of 188,336 shares. The stock had previously closed at C$34.95.

Wall Street Analyst Weigh In

Several equities analysts recently commented on FTG shares. Raymond James Financial cut their target price on shares of Firan Technology Group from C$38.00 to C$30.00 and set an “outperform” rating for the company in a research note on Friday, October 9th. ATB Cormark Capital Markets increased their price target on shares of Firan Technology Group from C$30.00 to C$40.00 and gave the company an “outperform” rating in a report on Friday, October 9th. Two investment analysts have rated the stock with a Buy rating. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$35.00.

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Firan Technology Group Price Performance

The stock has a fifty day moving average of C$23.61 and a two-hundred day moving average of C$22.45. The stock has a market capitalization of C$814.09 million, a price-to-earnings ratio of 36.75 and a beta of 1.66. The company has a current ratio of 2.40, a quick ratio of 1.53 and a debt-to-equity ratio of 20.05.

Firan Technology Group (TSE:FTG – Get Free Report) last announced its earnings results on Wednesday, October 7th. The company reported C$0.41 earnings per share for the quarter. The company had revenue of C$64.10 million during the quarter. Firan Technology Group had a net margin of 10.22% and a return on equity of 21.62%. As a group, equities research analysts forecast that Firan Technology Group Co. will post 0.42 earnings per share for the current year.

Insider Buying and Selling at Firan Technology Group

In related news, Director Mike Andrade sold 5,000 shares of Firan Technology Group stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of C$34.00, for a total value of C$170,000.00. Following the completion of the sale, the director owned 125,000 shares in the company, valued at approximately C$4,250,000. This trade represents a 3.85% decrease in their position. Insiders own 32.64% of the company’s stock.

About Firan Technology Group

(Get Free Report)

FTG is an aerospace and defence electronics product and subsystem supplier to customers around the globe. FTG has two operating units: FTG Circuits: A manufacturer of high technology, high reliability printed circuit boards. Our customers are leaders in the aviation, defence, and high technology industries. FTG Circuits has operations in Toronto, Ontario, Chatsworth, California, Fredericksburg, Virginia, Minnetonka, Minnesota, Haverhill, Massachusetts, and a joint venture in Tianjin, China. FTG Aerospace: Designs, certifies, manufactures, and provides in-service support for illuminated cockpit products and electronic assemblies for original equipment manufacturers and operators of aerospace and defence equipment.

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