Firan Technology Group (TSE:FTG) Stock: Insider Robert Jonathan Beutel Sells 175,000 Shares

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

Firan Technology Group Trading Up 5.8%

TSE:FTG traded up C$1.90 on Monday, hitting C$34.46. The stock had a trading volume of 434,828 shares, compared to its average volume of 99,995. The company has a fifty day moving average price of C$27.63 and a two-hundred day moving average price of 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. The company has a quick ratio of 1.53, a current ratio of 2.40 and a debt-to-equity ratio of 20.05. The stock has a market cap of C$867.46 million, a price-to-earnings ratio of 39.16 and a beta of 1.86.

Firan Technology Group (TSE:FTG) last released its quarterly earnings results on Wednesday, October 7th. The company reported C$0.41 EPS for the quarter. Firan Technology Group had a net margin of 10.22% and a return on equity of 21.62%. The firm had revenue of C$64.10 million for the quarter. Equities research analysts expect that Firan Technology Group Co. will post 0.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in 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 report on Friday, October 9th. Raymond James Financial lowered their price objective on shares of Firan Technology Group from C$38.00 to C$30.00 and set an “outperform” rating for the company in a research report on Friday, October 9th. Two research analysts have rated the stock with a Buy rating. According to MarketBeat, the stock 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.