Firan Technology Group (TSE:FTG) Trading Down 10.2% – Should You Sell?

Firan Technology Group Co. (TSE:FTG)’s share price dropped 10.2% during trading on Monday . The stock traded as low as C$19.50 and last traded at C$19.56. Approximately 102,761 shares changed hands during mid-day trading, an increase of 12% from the average session volume of 91,410 shares. The stock had previously closed at C$21.78.

Wall Street Analyst Weigh In

Several research firms have weighed in on FTG. Raymond James Financial increased 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 report on Friday, July 10th. ATB Cormark Capital Markets set a C$30.00 price target on shares of Firan Technology Group and gave the stock an “outperform” rating in a research report on Wednesday, June 24th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$30.00.

Firan Technology Group Price Performance

The company has a current ratio of 2.66, a quick ratio of 1.53 and a debt-to-equity ratio of 26.70. The stock has a market cap of C$486.09 million, a P/E ratio of 32.73 and a beta of 2.15. The business has a 50-day simple moving average of C$23.39 and a 200 day simple moving average of C$21.06.

Firan Technology Group (TSE:FTG) last issued its quarterly earnings results on Wednesday, July 8th. The company reported C$0.20 EPS for the quarter. Firan Technology Group had a net margin of 7.46% and a return on equity of 15.33%. The business had revenue of C$52.73 million for the quarter. On average, analysts forecast that Firan Technology Group Co. will post 0.4199717 earnings per share for the current 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.