Firan Technology Group (TSE:FTG) Sets New 12-Month High – What’s Next?

Firan Technology Group Co. (TSE:FTG)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$23.27 and last traded at C$23.27, with a volume of 107664 shares traded. The stock had previously closed at C$21.52.

Wall Street Analyst Weigh In

Separately, Raymond James Financial upped their price objective on shares of Firan Technology Group from C$20.00 to C$24.00 and gave the stock an “outperform” rating in a report on Friday, April 10th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Firan Technology Group has a consensus rating of “Buy” and an average price target of C$24.00.

Firan Technology Group Price Performance

The stock has a market capitalization of C$610.19 million, a P/E ratio of 45.74 and a beta of 1.96. The stock’s fifty day moving average is C$19.71 and its 200-day moving average is C$15.93. The company has a debt-to-equity ratio of 31.08, a current ratio of 2.65 and a quick ratio of 1.53.

Firan Technology Group (TSE:FTG) last issued its quarterly earnings data on Wednesday, April 8th. The company reported C$0.14 earnings per share (EPS) for the quarter. The firm had revenue of C$47.30 million during the quarter. Firan Technology Group had a net margin of 6.85% and a return on equity of 14.24%. On average, equities analysts anticipate that Firan Technology Group Co. will post 0.4199717 earnings per share for the current year.

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.