Firan Technology Group (TSE:FTG) Stock Price Down 10.2% – What’s Next?

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

Analyst Ratings Changes

Several analysts recently commented on the stock. 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 research report on Wednesday, June 24th. Raymond James Financial boosted their price target on Firan Technology Group from C$24.00 to C$30.00 and gave the company an “outperform” rating in a research report on Friday, July 10th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$30.00.

Firan Technology Group Trading Down 11.3%

The company has a quick ratio of 1.53, a current ratio of 2.66 and a debt-to-equity ratio of 26.70. The stock has a market cap of C$486.09 million, a price-to-earnings ratio of 32.73 and a beta of 2.15. The firm’s 50 day moving average is C$23.39 and its two-hundred day moving average is C$21.06.

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