Firan Technology Group (TSE:FTG) Posts Quarterly Earnings Results

Firan Technology Group (TSE:FTG) issued its quarterly earnings data on Wednesday. The company reported C$0.20 earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$52.73 million for the quarter. Firan Technology Group had a net margin of 6.85% and a return on equity of 14.24%.

Firan Technology Group Price Performance

Shares of TSE FTG traded down C$0.78 during midday trading on Wednesday, reaching C$24.97. The stock had a trading volume of 71,902 shares, compared to its average volume of 98,632. The company has a market capitalization of C$628.57 million, a price-to-earnings ratio of 47.11 and a beta of 2.16. Firan Technology Group has a 12-month low of C$9.78 and a 12-month high of C$26.63. The stock has a 50-day moving average of C$22.01 and a 200-day moving average of C$18.64. The company has a debt-to-equity ratio of 31.08, a quick ratio of 1.53 and a current ratio of 2.65.

Wall Street Analyst Weigh In

Several research firms have issued reports on FTG. Raymond James Financial boosted their price target on Firan Technology Group from C$20.00 to C$24.00 and gave the company an “outperform” rating in a report on Friday, April 10th. ATB Cormark Capital Markets set a C$30.00 price objective on Firan Technology Group and gave the stock an “outperform” rating in a research note on Wednesday, June 24th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$27.00.

Firan Technology Group Company Profile

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.