Firan Technology Group (TSE:FTG) Sets New 52-Week High - Time to Buy?

Key Points

• 52-week high: FTG reached C$22.70 (last C$22.39) and was trading up about 5.9% on volume of 20,364 shares, marking a new 52-week high.
• Mixed analyst view: Raymond James raised its target to C$20 with a "peer perform" rating, but the consensus is a "Moderate Buy" with an average price target of C$16 and one Buy / one Hold on the stock.
• Fundamentals: The company has a market cap of C$565.13M, P/E of 43.17, solid liquidity (current ratio 2.48, quick ratio 1.53), and reported C$0.14 EPS on C$51.66M revenue last quarter, suggesting profitability but a relatively rich valuation.

Firan Technology Group Co. (TSE:FTG - Get Free Report) hit a new 52-week high on Wednesday . The company traded as high as C$22.70 and last traded at C$22.39, with a volume of 20364 shares trading hands. The stock had previously closed at C$21.20.

Analysts Set New Price Targets

Separately, Raymond James Financial raised their price objective on Firan Technology Group from C$17.50 to C$20.00 and gave the company a "peer perform" rating in a research note on Friday, February 20th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of C$16.00.

Firan Technology Group Trading Up 5.9%

The company has a market cap of C$565.13 million, a price-to-earnings ratio of 43.17 and a beta of 1.92. The firm has a 50-day moving average price of C$18.04 and a 200 day moving average price of C$13.88. The company has a current ratio of 2.48, a quick ratio of 1.53 and a debt-to-equity ratio of 54.90.

Firan Technology Group (TSE:FTG - Get Free Report) last issued its earnings results on Wednesday, February 18th. The company reported C$0.14 EPS for the quarter. The company had revenue of C$51.66 million during the quarter. Firan Technology Group had a return on equity of 14.42% and a net margin of 6.85%. As a group, sell-side analysts forecast that Firan Technology Group Co. will post 0.4199717 EPS for the current year.

About Firan Technology Group

Firan Technology Group Corp is a supplier of aerospace and defense electronic products and subsystems. It has two operating segments namely FTG Circuits and FTG Aerospace. FTG Circuits manufactures printed circuit boards within the global marketplace. FTG Aerospace designs and manufactures illuminated cockpit panels, keyboards, bezels, subassemblies, and assemblies for original equipment manufacturers of avionics products and for airframe manufacturers. The company operates in Canada, the United States, Asia, and Europe and generates substantial sales from the United States.

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