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

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

Analyst Ratings Changes

Several analysts have recently commented on FTG shares. Raymond James Financial reduced their price objective on shares of Firan Technology Group from C$38.00 to C$30.00 and set an “outperform” rating for the company in a research report on Friday, October 9th. ATB Cormark Capital Markets boosted their target price 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. Two equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$35.00.

Firan Technology Group Stock Up 4.8%

The company has a market cap of C$873.50 million, a P/E ratio of 39.43 and a beta of 1.66. The stock’s 50-day moving average price is C$24.69 and its 200-day moving average price is C$23.09. The company has a current ratio of 2.40, a quick ratio of 1.53 and a debt-to-equity ratio of 20.05.

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

Insider Activity at Firan Technology Group

In other Firan Technology Group news, Director Brandon Kuecker sold 3,272 shares of the firm’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 completion of the sale, the director owned 10,986 shares of the company’s stock, valued at approximately C$351,552. This trade represents 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 transaction, the director directly owned 125,000 shares in the company, valued at C$4,250,000. The trade was a 3.85% decrease in their ownership of the stock. 32.64% of the stock is currently owned by corporate 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.