Firan Technology Group (TSE:FTG) Sets New 12-Month High – What’s Next?

Firan Technology Group Co. (TSE:FTG) reached a new 52-week high on Tuesday . The stock traded as high as C$23.27 and last traded at C$23.27, with a volume of 107664 shares. The stock had previously closed at C$21.52.

Analyst Upgrades and Downgrades

Separately, Raymond James Financial lifted their price objective on shares of Firan Technology Group from C$20.00 to C$24.00 and gave the stock an “outperform” rating in a research report on Friday, April 10th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$24.00.

Firan Technology Group Stock Performance

The firm’s fifty day moving average price is C$19.71 and its 200 day moving average price is C$15.93. The company has a current ratio of 2.65, a quick ratio of 1.53 and a debt-to-equity ratio of 31.08. The firm has a market capitalization of C$610.19 million, a PE ratio of 45.74 and a beta of 1.96.

Firan Technology Group (TSE:FTG) last posted its quarterly earnings results on Wednesday, April 8th. The company reported C$0.14 EPS for the quarter. Firan Technology Group had a net margin of 6.85% and a return on equity of 14.24%. The business had revenue of C$47.30 million for the quarter. On average, research analysts anticipate that Firan Technology Group Co. will post 0.4199717 earnings per share 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.