Russell David Buys 485 Shares of Firan Technology Group (TSE:FTG) Stock

Key Points

• Director Russell David purchased 485 Firan Technology Group shares at C$20.75 each, investing C$10,063.75 and increasing his position by 8% to 6,550 shares.
• FTG shares recently traded at C$20.18, while the company reported quarterly revenue of C$52.73 million and EPS of C$0.20. Its market capitalization was approximately C$508 million.
• Analysts maintain a consensus “Buy” rating with a C$30.00 price target, implying potential upside from the reported trading price.

Firan Technology Group Co. (TSE:FTG - Get Free Report) Director Russell David acquired 485 shares of Firan Technology Group stock in a transaction that occurred on Friday, August 28th. The shares were purchased at an average price of C$20.75 per share, with a total value of C$10,063.75. Following the transaction, the director owned 6,550 shares of the company's stock, valued at C$135,912.50. The trade was a 8.00% increase in their position.

Firan Technology Group Stock Performance

FTG stock traded down C$0.10 during trading on Monday, reaching C$20.18. The stock had a trading volume of 28,281 shares, compared to its average volume of 91,483. The firm has a market cap of C$507.99 million, a PE ratio of 34.20 and a beta of 2.15. 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's 50 day moving average is C$23.27 and its two-hundred day moving average is C$21.23. Firan Technology Group Co. has a 52 week low of C$9.78 and a 52 week high of C$26.63.

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

Analysts Set New Price Targets

A number of analysts have commented on FTG shares. 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 report on Wednesday, June 24th. Raymond James Financial lifted their price target on shares of 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. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Firan Technology Group currently has a consensus rating of "Buy" and a consensus target price 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.

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