Key Points
- Director Robert Jonathan Beutel sold 175,000 Firan Technology Group shares for C$5.999 million at an average C$34.28 each, reducing his stake by 3.64%. He retained 4,629,987 shares, valued at about C$158.7 million.
- FTG reported quarterly earnings of C$0.41 per share on C$64.1 million in revenue, with a 10.22% net margin and 21.62% return on equity.
- Analyst views remain positive overall: the stock has a consensus “Buy” rating and C$35 target, though Raymond James lowered its target to C$30 while ATB Cormark raised its target to C$40.
Firan Technology Group Co. (TSE:FTG - Get Free Report) Director Robert Jonathan Beutel sold 175,000 shares of the business's stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of C$34.28, for a total value of C$5,999,000.00. Following the sale, the director owned 4,629,987 shares in the company, valued at approximately C$158,715,954.36. This represents a 3.64% decrease in their ownership of the stock.
Firan Technology Group Stock Performance
Shares of TSE FTG opened at C$34.46 on Tuesday. The firm has a market capitalization of C$867.46 million, a price-to-earnings ratio of 39.16 and a beta of 1.86. Firan Technology Group Co. has a one year low of C$9.92 and a one year high of C$36.63. The business has a fifty day simple moving average of C$27.63 and a 200 day simple moving average of C$22.45. 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 (TSE:FTG - Get Free Report) last posted its quarterly 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 for the quarter. Firan Technology Group had a net margin of 10.22% and a return on equity of 21.62%. Sell-side analysts expect that Firan Technology Group Co. will post 0.42 EPS for the current year.
Analyst Upgrades and Downgrades
FTG has been the subject of a number of analyst reports. Raymond James Financial reduced their price objective 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 upped their target price on shares of Firan Technology Group from C$30.00 to C$40.00 and gave the company an "outperform" rating in a research note on Friday, October 9th. Two analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of C$35.00.
Check Out Our Latest Stock Analysis on FTG
About Firan Technology Group
(
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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