Firan Technology Group (TSE:FTG) Posts Quarterly Earnings Results

Firan Technology Group (TSE:FTG) released its quarterly earnings results on Wednesday. The company reported C$0.40 EPS for the quarter, FiscalAI reports. The firm 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%.

Firan Technology Group Stock Down 2.3%

Shares of FTG traded down C$0.59 during mid-day trading on Wednesday, hitting C$25.41. 76,919 shares of the company’s stock were exchanged, compared to its average volume of 90,533. The company has a 50-day simple moving average of C$22.77 and a 200 day simple moving average of C$21.94. The company has a debt-to-equity ratio of 26.70, a current ratio of 2.66 and a quick ratio of 1.53. The company has a market cap of C$639.65 million, a PE ratio of 43.07 and a beta of 1.66. Firan Technology Group has a 52 week low of C$9.78 and a 52 week high of C$27.94.

Analysts Set New Price Targets

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

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.