Russell David Acquires 485 Shares of Firan Technology Group (TSE:FTG) Stock

Firan Technology Group Co. (TSE:FTG) Director Russell David bought 485 shares of the firm’s stock in a transaction on Friday, August 28th. The shares were purchased at an average price of C$20.75 per share, for a total transaction of C$10,063.75. Following the purchase, the director owned 6,550 shares in the company, valued at C$135,912.50. This trade represents a 8.00% increase in their position.

Firan Technology Group Price Performance

TSE:FTG traded down C$0.10 during trading hours on Monday, hitting C$20.18. 28,281 shares of the stock traded hands, compared to its average volume of 91,483. The company has a market cap of C$507.99 million, a price-to-earnings ratio of 34.20 and a beta of 2.15. Firan Technology Group Co. has a 1 year low of C$9.78 and a 1 year high of C$26.63. The stock has a 50 day moving average price of C$23.27 and a 200 day moving average price of C$21.23. The company has a quick ratio of 1.53, a current ratio of 2.66 and a debt-to-equity ratio of 26.70.

Firan Technology Group (TSE:FTG) last announced its quarterly earnings data on Wednesday, July 8th. The company reported C$0.20 earnings per share (EPS) for the quarter. The firm had revenue of C$52.73 million during the quarter. Firan Technology Group had a net margin of 7.46% and a return on equity of 15.33%. Sell-side analysts forecast that Firan Technology Group Co. will post 0.4199717 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on FTG. ATB Cormark Capital Markets set a C$30.00 price target on 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 stock an “outperform” rating in a research note on Friday, July 10th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target 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.