Firan Technology Group Co. (TSE:FTG – Get Free Report) hit a new 52-week high on Wednesday. The stock traded as high as C$35.50 and last traded at C$35.30, with a volume of 89,260 shares traded. The stock had previously closed at C$33.68.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the company. Raymond James Financial lowered their price target on Firan Technology Group from C$38.00 to C$30.00 and set an “outperform” rating on the stock in a research report on Friday, October 9th. ATB Cormark Capital Markets lifted their price objective on Firan Technology Group from C$30.00 to C$40.00 and gave the stock an “outperform” rating in a report on Friday, October 9th. Two equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, Firan Technology Group has an average rating of “Buy” and a consensus target price of C$35.00.
Get Our Latest Stock Analysis on FTG
Firan Technology Group Price Performance
The stock’s 50-day moving average is C$25.98 and its 200 day moving average is C$21.79. The stock has a market capitalization of C$820.64 million, a PE ratio of 37.05 and a beta of 1.66. The company has a debt-to-equity ratio of 20.05, a quick ratio of 1.53 and a current ratio of 2.40.
Firan Technology Group (TSE:FTG – Get Free Report) last posted its quarterly earnings data on Wednesday, October 7th. The company reported C$0.41 earnings per share (EPS) for the quarter. Firan Technology Group had a return on equity of 21.62% and a net margin of 10.22%. The business had revenue of C$64.10 million for the quarter. As a group, equities analysts expect that Firan Technology Group Co. will post 0.42 earnings per share for the current year.
Insider Transactions at Firan Technology Group
In other Firan Technology Group news, Director Brandon Kuecker sold 3,272 shares of Firan Technology Group stock in a transaction on Friday, October 16th. The shares were sold at an average price of C$32.00, for a total transaction of C$104,704.00. Following the completion of the sale, the director owned 10,986 shares of the company’s stock, valued at approximately C$351,552. The trade was a 22.95% decrease in their position. Also, Director Mike Andrade sold 5,000 shares of the business’s stock in a transaction dated Friday, October 9th. The shares were sold at an average price of C$34.00, for a total transaction of C$170,000.00. Following the completion of the sale, the director directly owned 125,000 shares of the company’s stock, valued at approximately C$4,250,000. The trade was a 3.85% decrease in their position. Insiders own 32.64% of the company’s stock.
About Firan Technology Group
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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