Christine Forget Acquires 950 Shares of Firan Technology Group (TSE:FTG) Stock

Key Points

• Director Christine Forget purchased 950 Firan Technology Group shares at an average price of C$19.38, investing approximately C$18,411 and establishing direct ownership in the company.
• Firan shares rose 3.4% to C$20.86, giving the company a market capitalization of about C$525 million. The stock has traded between C$9.78 and C$26.63 over the past year.
• Analysts maintain a positive outlook, with a consensus “Buy” rating and a C$30.00 price target. The company recently reported quarterly EPS of C$0.20 on revenue of C$52.73 million.

Firan Technology Group Co. (TSE:FTG - Get Free Report) Director Christine Forget bought 950 shares of the company's stock in a transaction that occurred on Monday, August 24th. The stock was bought at an average cost of C$19.38 per share, for a total transaction of C$18,411.00. Following the completion of the transaction, the director directly owned 950 shares in the company, valued at approximately C$18,411. The trade was a ∞ increase in their ownership of the stock.

Firan Technology Group Stock Up 3.4%

TSE:FTG traded up C$0.69 during midday trading on Thursday, hitting C$20.86. 25,771 shares of the company were exchanged, compared to its average volume of 91,843. The company has a fifty day simple moving average of C$23.30 and a 200 day simple moving average of C$21.15. Firan Technology Group Co. has a fifty-two week low of C$9.78 and a fifty-two week high of C$26.63. 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 company has a market capitalization of C$525.11 million, a PE ratio of 35.36 and a beta of 2.15.

Firan Technology Group (TSE:FTG - Get Free Report) last released its quarterly earnings data on Wednesday, July 8th. The company reported C$0.20 earnings per share (EPS) for the quarter. The company had revenue of C$52.73 million during the quarter. Firan Technology Group had a net margin of 7.46% and a return on equity of 15.33%. As a group, equities analysts anticipate that Firan Technology Group Co. will post 0.4199717 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Raymond James Financial raised their price target on Firan Technology Group from C$24.00 to C$30.00 and gave the stock an "outperform" rating in a research note on Friday, July 10th. ATB Cormark Capital Markets set a C$30.00 price objective on Firan Technology Group and gave the company an "outperform" rating in a research note on Wednesday, June 24th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of C$30.00.

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.

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