Insider Selling: Firan Technology Group (TSE:FTG) Director Sells C$5,999,000.00 in Stock

Firan Technology Group Co. (TSE:FTG) Director Robert Jonathan Beutel sold 175,000 shares of Firan Technology Group stock in a transaction on Monday, November 9th. The shares were sold at an average price of C$34.28, for a total value of C$5,999,000.00. Following the completion of the sale, the director owned 4,629,987 shares in the company, valued at C$158,715,954.36. This represents a 3.64% decrease in their position.

Firan Technology Group Trading Up 1.8%

TSE FTG opened at C$34.44 on Thursday. Firan Technology Group Co. has a 12 month low of C$9.92 and a 12 month high of C$36.63. The stock has a market capitalization of C$866.96 million, a P/E ratio of 39.14 and a beta of 1.86. The firm’s 50-day moving average is C$28.19 and its two-hundred day moving average is C$22.64. The company has a debt-to-equity ratio of 20.05, a current ratio of 2.40 and a quick ratio of 1.53.

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

Analysts Set New Price Targets

Several research analysts have recently commented on FTG shares. ATB Cormark Capital Markets raised their price target on Firan Technology Group from C$30.00 to C$40.00 and gave the stock an “outperform” rating in a research report on Friday, October 9th. Raymond James Financial cut their price objective on Firan Technology Group from C$38.00 to C$30.00 and set an “outperform” rating on the stock in a report on Friday, October 9th. Two research analysts have rated the stock with a Buy rating. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$35.00.

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.