Firan Technology Group (TSE:FTG) Hits New 1-Year High – Still a Buy?

Shares of Firan Technology Group Co. (TSE:FTG) reached a new 52-week high during trading on Tuesday. The stock traded as high as C$35.25 and last traded at C$34.46, with a volume of 124,881 shares changing hands. The stock had previously closed at C$34.34.

Analysts Set New Price Targets

FTG has been the subject of a number of recent 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 stock an “outperform” rating in a research note on Friday, October 9th. Raymond James Financial dropped 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 note on Friday, October 9th. Two research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$35.00.

Firan Technology Group Price Performance

The company has a 50-day moving average of C$24.33 and a 200-day moving average of C$22.90. 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 stock has a market cap of C$867.46 million, a price-to-earnings ratio of 39.16 and a beta of 1.66.

Firan Technology Group (TSE:FTG) last posted its quarterly earnings data on Wednesday, October 7th. The company reported C$0.41 earnings per share for the quarter. Firan Technology Group had a return on equity of 21.62% and a net margin of 10.22%. The company had revenue of C$64.10 million during the quarter. As a group, equities research analysts predict that Firan Technology Group Co. will post 0.42 earnings per share for the current year.

Insider Buying and Selling

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

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.