Insider Buying: Firan Technology Group Co. (TSE:FTG) Director Acquires 11,000 Shares of Stock

Firan Technology Group Co. (TSE:FTG) Director Mike Andrade purchased 11,000 shares of the firm’s stock in a transaction on Tuesday, April 16th. The shares were purchased at an average cost of C$5.39 per share, for a total transaction of C$59,290.00.

Firan Technology Group Price Performance

FTG stock opened at C$5.28 on Thursday. The firm has a market cap of C$126.03 million, a P/E ratio of 11.00 and a beta of 1.47. The company has a debt-to-equity ratio of 58.33, a quick ratio of 1.53 and a current ratio of 2.24. Firan Technology Group Co. has a 1 year low of C$3.02 and a 1 year high of C$6.14. The stock has a 50-day simple moving average of C$5.49 and a 200-day simple moving average of C$4.50.

Firan Technology Group (TSE:FTG) last issued its quarterly earnings data on Thursday, April 11th. The company reported C$0.04 earnings per share (EPS) for the quarter. The company had revenue of C$34.98 million during the quarter. Firan Technology Group had a net margin of 8.60% and a return on equity of 21.58%. On average, equities analysts predict that Firan Technology Group Co. will post 0.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Acumen Capital raised their target price on shares of Firan Technology Group from C$6.00 to C$7.00 and gave the company a “buy” rating in a research note on Monday.

About Firan Technology Group

Firan Technology Group Corporation manufactures and sells aerospace and defense electronic products and subsystems in Canada, the United States, Asia, Europe, and rest of Americas. The company operates in two segments, FTG Circuits and FTG Aerospace. It offers semi additive process technologies, high density interconnect products, high temperature rigid flex printed, RF boards, thermal management, and rigid flex and assembly products.