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

Key Points

• Firan Technology Group shares reached a new 52-week high of C$35.50 and last traded at C$35.30, up from the prior close of C$33.68.
• 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$40.00, while Raymond James lowered its target to C$30.00; both maintained “outperform” ratings.
• The company reported quarterly EPS of C$0.41 on C$64.10 million in revenue, alongside a 21.62% return on equity and 10.22% net margin. Two directors recently sold shares, while insiders collectively retain 32.64% ownership.

Firan Technology Group Co. (TSE:FTG - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Wednesday. The stock traded as high as C$35.50 and last traded at C$35.30, with a volume of 89,260 shares trading hands. The stock had previously closed at C$33.68.

Analyst Ratings Changes

FTG has been the subject of several research reports. ATB Cormark Capital Markets increased their price target on shares of Firan Technology Group from C$30.00 to C$40.00 and gave the company an "outperform" rating in a research report on Friday, October 9th. Raymond James Financial lowered their price objective 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 report on Friday, October 9th. Two investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, Firan Technology Group currently has a consensus rating of "Buy" and an average target price of C$35.00.

Firan Technology Group Price Performance

The company has a debt-to-equity ratio of 20.05, a quick ratio of 1.53 and a current ratio of 2.40. The company has a market cap of C$889.87 million, a P/E ratio of 40.17 and a beta of 1.66. The firm has a 50 day moving average price of C$25.50 and a two-hundred day moving average price of C$21.57.

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

Insider Transactions at Firan Technology Group

In related news, Director Brandon Kuecker sold 3,272 shares of the company's stock in a transaction that occurred on Friday, October 16th. The shares were sold at an average price of C$32.00, for a total transaction of C$104,704.00. Following the sale, the director owned 10,986 shares of the company's stock, valued at approximately C$351,552. This represents a 22.95% decrease in their position. Also, Director Mike Andrade sold 5,000 shares of the stock in a transaction that occurred on Friday, October 9th. The stock was sold at an average price of C$34.00, for a total transaction of C$170,000.00. Following the completion of the sale, the director owned 125,000 shares in the company, valued at C$4,250,000. This represents a 3.85% decrease in their ownership of the stock. 32.64% of the stock is owned by insiders.

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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