Russell David Buys 485 Shares of Firan Technology Group (TSE:FTG) Stock

Firan Technology Group Co. (TSE:FTG) Director Russell David bought 485 shares of the business’s stock in a transaction on Friday, August 28th. The shares were bought at an average price of C$20.75 per share, for a total transaction of C$10,063.75. Following the completion of the acquisition, the director owned 6,550 shares of the company’s stock, valued at approximately C$135,912.50. This represents a 8.00% increase in their ownership of the stock.

Firan Technology Group Stock Down 0.0%

Shares of FTG stock opened at C$20.25 on Wednesday. The stock’s 50 day simple moving average is C$23.24 and its 200 day simple moving average is C$21.29. The company has a debt-to-equity ratio of 26.70, a quick ratio of 1.53 and a current ratio of 2.66. Firan Technology Group Co. has a twelve month low of C$9.78 and a twelve month high of C$26.63. The company has a market capitalization of C$509.75 million, a price-to-earnings ratio of 34.32 and a beta of 2.15.

Firan Technology Group (TSE:FTG) last announced its earnings results on Wednesday, July 8th. The company reported C$0.20 earnings per share (EPS) for the quarter. Firan Technology Group had a return on equity of 15.33% and a net margin of 7.46%.The firm had revenue of C$52.73 million during the quarter. As a group, research analysts predict that Firan Technology Group Co. will post 0.4199717 EPS for the current year.

Analysts Set New Price Targets

FTG has been the topic of a number of research analyst reports. ATB Cormark Capital Markets set a C$30.00 target price on shares of Firan Technology Group and gave the company an “outperform” rating in a research note on Wednesday, June 24th. Raymond James Financial raised their price target on Firan Technology Group from C$24.00 to C$30.00 and gave the company an “outperform” rating in a research report on Friday, July 10th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$30.00.

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.