Firan Technology Group (TSE:FTG) Hits New 52-Week High – Here’s What Happened

Firan Technology Group Co. (TSE:FTG)’s share price reached a new 52-week high during trading on Thursday. The stock traded as high as C$29.70 and last traded at C$29.70, with a volume of 29844 shares. The stock had previously closed at C$25.41.

Wall Street Analysts Forecast Growth

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

Firan Technology Group Price Performance

The company has a debt-to-equity ratio of 26.70, a current ratio of 2.66 and a quick ratio of 1.53. The business’s 50-day moving average price is C$22.82 and its two-hundred day moving average price is C$22.00. The firm has a market cap of C$755.44 million, a price-to-earnings ratio of 50.86 and a beta of 1.66.

Firan Technology Group (TSE:FTG) last released 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 7.46% and a return on equity of 15.33%. On average, research analysts forecast that Firan Technology Group Co. will post 0.4199717 EPS for the current fiscal year.

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.