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

Firan Technology Group (TSE:FTG) issued its quarterly earnings results on Wednesday. The company reported C$0.41 earnings per share (EPS) for the quarter, FiscalAI reports. The business 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%.

Firan Technology Group Stock Up 25.9%

TSE:FTG opened at C$32.00 on Friday. The firm has a market capitalization of C$805.54 million, a PE ratio of 54.24 and a beta of 1.66. Firan Technology Group has a 52 week low of C$9.78 and a 52 week high of C$32.35. The company has a current ratio of 2.66, a quick ratio of 1.53 and a debt-to-equity ratio of 26.70. The stock has a 50 day moving average of C$22.99 and a 200-day moving average of C$22.10.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FTG. 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 lifted their target price on Firan Technology Group from C$24.00 to C$30.00 and gave the stock an “outperform” rating in a research report on Friday, July 10th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Firan Technology Group has an average rating of “Buy” and a consensus price target of C$30.00.

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.