Firan Technology Group (TSE:FTG) Shares Down 9.7% - Time to Sell?

Key Points

• Shares fell 9.7% on Thursday to C$20.00 (intraday low C$19.83) on volume of 117,666 shares, about 5% above the average, after a prior close of C$22.14.
• Analyst views are mixed: Raymond James raised its target from C$17.50 to C$20 and gave a "peer perform" rating, while MarketBeat shows an average rating of "Moderate Buy" with an average target of C$16.
• Fundamentals show a market cap of C$499.7M and a relatively high valuation (P/E 38.2) alongside modest profitability (net margin 6.85%, ROE 14.42) and workable liquidity (current ratio 2.48) with debt-to-equity of 54.9.

Firan Technology Group Co. (TSE:FTG - Get Free Report)'s share price traded down 9.7% during trading on Thursday . The company traded as low as C$19.83 and last traded at C$20.00. 117,666 shares traded hands during trading, an increase of 5% from the average session volume of 111,678 shares. The stock had previously closed at C$22.14.

Wall Street Analysts Forecast Growth

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

Firan Technology Group Price Performance

The company's 50-day simple moving average is C$18.17 and its 200-day simple moving average is C$13.93. The company has a debt-to-equity ratio of 54.90, a current ratio of 2.48 and a quick ratio of 1.53. The stock has a market capitalization of C$499.68 million, a price-to-earnings ratio of 38.17 and a beta of 1.92.

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