Firan Technology Group (TSE:FTG) Stock: Insider Brandon Kuecker Sells 3,272 Shares

Key Points

• Director Brandon Kuecker sold 3,272 Firan Technology Group shares at C$32 each for total proceeds of C$104,704, reducing his stake by 22.95% to 10,986 shares.
• FTG shares rose to C$34.34 and are near their 52-week high of C$35.24, with a market capitalization of approximately C$864 million. The company recently reported quarterly EPS of C$0.41 on revenue of C$64.10 million.
• Analyst sentiment remains positive, with a consensus “Buy” rating and an average price target of C$35.00; ATB Cormark raised its target to C$40, while Raymond James lowered its target to C$30.

Firan Technology Group Co. (TSE:FTG - Get Free Report) Director Brandon Kuecker sold 3,272 shares of the firm's stock in a transaction dated Friday, October 16th. The stock was sold at an average price of C$32.00, for a total transaction of C$104,704.00. Following the completion of the transaction, the director owned 10,986 shares in the company, valued at approximately C$351,552. The trade was a 22.95% decrease in their ownership of the stock.

Firan Technology Group Stock Performance

Shares of TSE:FTG traded up C$0.34 during trading hours on Friday, hitting C$34.34. The stock had a trading volume of 71,997 shares, compared to its average volume of 95,259. The stock's fifty day simple moving average is C$24.13 and its 200 day simple moving average is C$22.76. The firm has a market capitalization of C$864.44 million, a price-to-earnings ratio of 39.02 and a beta of 1.66. The company has a debt-to-equity ratio of 20.05, a quick ratio of 1.53 and a current ratio of 2.40. Firan Technology Group Co. has a 1-year low of C$9.78 and a 1-year high of C$35.24.

Firan Technology Group (TSE:FTG - Get Free Report) last announced its earnings results on Wednesday, October 7th. The company reported C$0.41 earnings per share for the quarter. The firm had revenue of C$64.10 million for the quarter. Firan Technology Group had a return on equity of 21.62% and a net margin of 10.22%. Sell-side analysts anticipate that Firan Technology Group Co. will post 0.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. ATB Cormark Capital Markets boosted their price objective on Firan Technology Group from C$30.00 to C$40.00 and gave the stock an "outperform" rating in a report on Friday, October 9th. Raymond James Financial cut their target price on shares of Firan Technology Group from C$38.00 to C$30.00 and set an "outperform" rating on the stock in a research note on Friday, October 9th. Two research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of C$35.00.

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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