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

Firan Technology Group Co. (TSE:FTG) reached a new 52-week high during 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 trading hands. The stock had previously closed at C$34.95.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on FTG shares. Raymond James Financial lowered their price objective on Firan Technology Group from C$38.00 to C$30.00 and set an “outperform” rating for the company in a research report on Friday, October 9th. ATB Cormark Capital Markets raised 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.com, the company has a consensus rating of “Buy” and an average price target of C$35.00.

Firan Technology Group Price Performance

The company has a debt-to-equity ratio of 20.05, a current ratio of 2.40 and a quick ratio of 1.53. The company has a 50 day moving average price of C$23.61 and a 200 day moving average price of C$22.45. The firm has a market cap of C$814.09 million, a PE ratio of 36.75 and a beta of 1.66.

Firan Technology Group (TSE:FTG) last posted its quarterly earnings data on Wednesday, October 7th. The company reported C$0.41 earnings per share for the quarter. Firan Technology Group had a net margin of 10.22% and a return on equity of 21.62%. The firm had revenue of C$64.10 million for the quarter. Sell-side analysts expect that Firan Technology Group Co. will post 0.42 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Mike Andrade sold 5,000 shares of the firm’s stock in a transaction 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

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.