Firan Technology Group (TSE:FTG) Posts Earnings Results

Firan Technology Group (TSE:FTG) posted its quarterly earnings results on Wednesday. The company reported C$0.20 earnings per share (EPS) for the quarter, FiscalAI reports. Firan Technology Group had a return on equity of 15.33% and a net margin of 7.46%.The business had revenue of C$52.73 million for the quarter.

Firan Technology Group Price Performance

Shares of TSE FTG opened at C$24.27 on Friday. The company has a debt-to-equity ratio of 26.70, a current ratio of 2.66 and a quick ratio of 1.53. The firm has a market capitalization of C$610.95 million, a PE ratio of 45.79 and a beta of 2.16. Firan Technology Group has a 1-year low of C$9.78 and a 1-year high of C$26.63. The business’s fifty day moving average price is C$22.10 and its two-hundred day moving average price is C$18.73.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Raymond James Financial increased their target price on shares of Firan Technology Group from C$20.00 to C$24.00 and gave the stock an “outperform” rating in a report on Friday, April 10th. ATB Cormark Capital Markets set a C$30.00 price target on shares of Firan Technology Group and gave the company an “outperform” rating in a report on Wednesday, June 24th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$27.00.

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.