Firan Technology Group (TSE:FTG) Shares Climb 8.1% – What’s Next?

Shares of Firan Technology Group Co. (TSE:FTG) rose 8.1% during mid-day trading on Friday. The stock traded as high as C$34.90 and last traded at C$34.59. 221,569 shares changed hands during trading, an increase of 139% from the average daily volume of 92,701 shares. The stock had previously closed at C$32.00.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on FTG shares. Raymond James Financial upped their target price on Firan Technology Group from C$24.00 to C$30.00 and gave the company an “outperform” rating in a research note on Friday, July 10th. 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. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Firan Technology Group currently has a consensus rating of “Buy” and a consensus target price of C$30.00.

Firan Technology Group Stock Up 8.5%

The stock has a fifty day moving average of C$22.99 and a two-hundred day moving average of C$22.10. The company has a quick ratio of 1.53, a current ratio of 2.66 and a debt-to-equity ratio of 26.70. The stock has a market cap of C$874.01 million, a price-to-earnings ratio of 58.85 and a beta of 1.66.

Firan Technology Group (TSE:FTG) last released its quarterly earnings data on Wednesday, October 7th. The company reported C$0.41 EPS for the quarter. The company had revenue of C$64.10 million for the quarter. Firan Technology Group had a return on equity of 15.33% and a net margin of 7.46%. As a group, analysts predict that Firan Technology Group Co. will post 0.4199717 EPS for the current fiscal 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.