Acumen Capital Raises Firan Technology Group (TSE:FTG) Price Target to C$7.00

Firan Technology Group (TSE:FTG) had its price target hoisted by Acumen Capital from C$6.00 to C$7.00 in a research note issued to investors on Monday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Firan Technology Group Stock Down 2.0 %

FTG opened at C$5.28 on Monday. The company has a quick ratio of 1.53, a current ratio of 2.24 and a debt-to-equity ratio of 58.33. The firm has a market cap of C$126.03 million, a P/E ratio of 11.00 and a beta of 1.47. Firan Technology Group has a 52 week low of C$3.02 and a 52 week high of C$6.14. The business’s fifty day simple moving average is C$5.49 and its 200 day simple moving average is C$4.50.

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

Insider Transactions at Firan Technology Group

In related news, Director Mike Andrade bought 11,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 16th. The shares were acquired at an average cost of C$5.39 per share, for a total transaction of C$59,290.00. Company insiders own 34.10% of the company’s stock.

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.