Key Points
- Director Brandon Kuecker sold 3,272 Firan Technology Group shares at an average price of C$32.00, generating C$104,704. His remaining stake fell 22.95% to 10,986 shares.
- Firan reported quarterly earnings of C$0.41 per share on C$64.10 million in revenue, with a 10.22% net margin and 21.62% return on equity.
- Analysts maintain a consensus “Buy” rating with an average price target of C$35.00, while recent targets range from C$30.00 to C$40.00.
Firan Technology Group Co. (TSE:FTG - Get Free Report) Director Brandon Kuecker sold 3,272 shares of the firm's stock in a transaction on Friday, October 16th. The stock was sold at an average price of C$32.00, for a total value of C$104,704.00. Following the transaction, the director owned 10,986 shares in the company, valued at C$351,552. This trade represents a 22.95% decrease in their ownership of the stock.
Firan Technology Group Stock Performance
Firan Technology Group stock opened at C$34.34 on Monday. The company has a market cap of C$864.44 million, a PE ratio of 39.02 and a beta of 1.66. The company has a fifty day moving average price of C$24.13 and a two-hundred day moving average price of C$22.79. The company has a debt-to-equity ratio of 20.05, a current ratio of 2.40 and a quick ratio of 1.53. Firan Technology Group Co. has a 12 month low of C$9.78 and a 12 month high of C$35.24.
Firan Technology Group (TSE:FTG - Get Free Report) last released its earnings results on Wednesday, October 7th. The company reported C$0.41 earnings per share for the quarter. The firm had revenue of C$64.10 million during the quarter. Firan Technology Group had a net margin of 10.22% and a return on equity of 21.62%. Research analysts expect that Firan Technology Group Co. will post 0.42 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on FTG. Raymond James Financial decreased their price target 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, October 9th. ATB Cormark Capital Markets boosted their price objective on shares of Firan Technology Group from C$30.00 to C$40.00 and gave the company an "outperform" rating in a research report on Friday, October 9th. Two investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat, Firan Technology Group presently has a consensus rating of "Buy" and an average price target of C$35.00.
Check Out Our Latest Stock Report on FTG
Firan Technology Group Company Profile
(
Get Free Report)
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.
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