Firan Technology Group (TSE:FTG) Shares Climb 8.1% – Time to Buy?

Firan Technology Group Co. (TSE:FTG)’s stock price shot up 8.1% on Friday. The company traded as high as C$34.90 and last traded at C$34.59. 221,569 shares were traded during trading, an increase of 139% from the average session volume of 92,701 shares. The stock had previously closed at C$32.00.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on FTG shares. ATB Cormark Capital Markets set a C$30.00 price target on Firan Technology Group and gave the stock an “outperform” rating in a research note on Wednesday, June 24th. Raymond James Financial boosted their target price 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. Two investment 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 price target of C$30.00.

Firan Technology Group Trading Up 8.5%

The firm has a market cap of C$874.01 million, a price-to-earnings ratio of 58.85 and a beta of 1.66. The business has a 50 day moving average of C$22.99 and a 200 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.

Firan Technology Group (TSE:FTG) last released its earnings results on Wednesday, October 7th. The company reported C$0.41 earnings per share (EPS) for the quarter. The company had revenue of C$64.10 million for the quarter. Firan Technology Group had a net margin of 7.46% and a return on equity of 15.33%. On average, research analysts forecast that Firan Technology Group Co. will post 0.4199717 earnings per share for the current fiscal year.

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.