Firan Technology Group (TSE:FTG) Reaches New 1-Year High – Here’s Why

Firan Technology Group Co. (TSE:FTG) reached a new 52-week high on Friday. The stock traded as high as C$26.93 and last traded at C$26.89, with a volume of 78432 shares trading hands. The stock had previously closed at C$24.97.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on FTG shares. ATB Cormark Capital Markets set a C$30.00 target price on Firan Technology Group and gave the company an “outperform” rating in a report on Wednesday, June 24th. Raymond James Financial increased their price objective on shares of Firan Technology Group from C$24.00 to C$30.00 and gave the company an “outperform” rating in a research note on Friday, July 10th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$30.00.

Firan Technology Group Stock Up 6.5%

The company has a market cap of C$669.60 million, a PE ratio of 45.08 and a beta of 1.95. The firm has a 50-day simple moving average of C$22.59 and a two-hundred day simple moving average of C$21.77. The company has a debt-to-equity ratio of 26.70, a current ratio of 2.66 and a quick ratio of 1.53.

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

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.