Firan Technology Group (TSE:FTG) Director Sells 175,000 Shares of Company Stock

Firan Technology Group Co. (TSE:FTG) Director Robert Jonathan Beutel sold 175,000 shares of the business’s stock in a transaction on Monday, November 9th. The shares were sold at an average price of C$34.28, for a total transaction of C$5,999,000.00. Following the completion of the transaction, the director owned 4,629,987 shares of the company’s stock, valued at approximately C$158,715,954.36. This represents a 3.64% decrease in their ownership of the stock.

Firan Technology Group Stock Performance

FTG stock traded up C$1.90 during midday trading on Monday, hitting C$34.46. 434,828 shares of the stock traded hands, compared to its average volume of 99,995. The firm has a market cap of C$867.46 million, a P/E ratio of 39.16 and a beta of 1.86. The company has a debt-to-equity ratio of 20.05, a current ratio of 2.40 and a quick ratio of 1.53. The stock’s fifty day simple moving average is C$27.63 and its 200-day simple moving average is C$22.45. Firan Technology Group Co. has a 1-year low of C$9.92 and a 1-year high of C$36.63.

Firan Technology Group (TSE:FTG) last released 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 net margin of 10.22% and a return on equity of 21.62%. The company had revenue of C$64.10 million during the quarter. On average, analysts expect that Firan Technology Group Co. will post 0.42 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on FTG. ATB Cormark Capital Markets lifted their price target on shares of Firan Technology Group from C$30.00 to C$40.00 and gave the company an “outperform” rating in a research note on Friday, October 9th. Raymond James Financial decreased 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 report on Friday, October 9th. Two research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$35.00.

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.