Firan Technology Group (TSE:FTG) Hits New 52-Week High – Here’s What Happened

Firan Technology Group Co. (TSE:FTG)’s share price reached a new 52-week high during trading on Thursday. The company traded as high as C$29.70 and last traded at C$29.70, with a volume of 29844 shares traded. The stock had previously closed at C$25.41.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on FTG. Raymond James Financial boosted 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 report on Friday, July 10th. ATB Cormark Capital Markets set a C$30.00 price objective on shares of Firan Technology Group and gave the stock an “outperform” rating in a report on Wednesday, June 24th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$30.00.

Firan Technology Group Stock Up 18.1%

The company has a debt-to-equity ratio of 26.70, a quick ratio of 1.53 and a current ratio of 2.66. The stock’s fifty day simple moving average is C$22.82 and its two-hundred day simple moving average is C$22.00. The company has a market capitalization of C$755.44 million, a price-to-earnings ratio of 50.86 and a beta of 1.66.

Firan Technology Group (TSE:FTG) last released its earnings results on Wednesday, October 7th. The company reported C$0.41 EPS for the quarter. The business had revenue of C$64.10 million during the quarter. Firan Technology Group had a net margin of 7.46% and a return on equity of 15.33%. On average, sell-side analysts anticipate that Firan Technology Group Co. will post 0.4199717 EPS for the current 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.