Firan Technology Group (TSE:FTG) Director Mike Andrade Sells 5,000 Shares of Stock

Firan Technology Group Co. (TSE:FTG) Director Mike Andrade sold 5,000 shares of the stock in a transaction dated Friday, October 9th. The stock was sold at an average price of C$34.00, for a total value of C$170,000.00. Following the sale, the director directly owned 125,000 shares in the company, valued at C$4,250,000. This represents a 3.85% decrease in their ownership of the stock.

Firan Technology Group Stock Performance

Shares of TSE FTG traded up C$2.95 during trading on Friday, reaching C$34.95. 565,938 shares of the company traded hands, compared to its average volume of 94,592. The stock has a market cap of C$879.80 million, a P/E ratio of 59.24 and a beta of 1.66. The firm’s fifty day simple moving average is C$23.23 and its 200 day simple moving average is C$22.19. The company has a current ratio of 2.40, a quick ratio of 1.53 and a debt-to-equity ratio of 20.05. Firan Technology Group Co. has a 12-month low of C$9.78 and a 12-month high of C$35.15.

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Raymond James Financial cut their target price on shares of Firan Technology Group from C$38.00 to C$30.00 and set an “outperform” rating for the company in a report on Friday. ATB Cormark Capital Markets increased their price target on shares of Firan Technology Group from C$30.00 to C$40.00 and gave the stock an “outperform” rating in a report on Friday. Two research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, Firan Technology Group currently has a consensus rating of “Buy” and a consensus price target of C$35.00.

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.