Firan Technology Group (TSE:FTG) Director Purchases C$10,063.75 in Stock

Firan Technology Group Co. (TSE:FTG) Director Russell David acquired 485 shares of Firan Technology Group stock in a transaction dated Friday, August 28th. The stock was purchased at an average price of C$20.75 per share, with a total value of C$10,063.75. Following the completion of the purchase, the director owned 6,550 shares of the company’s stock, valued at approximately C$135,912.50. The trade was a 8.00% increase in their ownership of the stock.

Firan Technology Group Stock Performance

Shares of TSE FTG opened at C$20.11 on Thursday. The company has a current ratio of 2.66, a quick ratio of 1.53 and a debt-to-equity ratio of 26.70. The company has a 50 day simple moving average of C$23.21 and a two-hundred day simple moving average of C$21.32. Firan Technology Group Co. has a 12 month low of C$9.78 and a 12 month high of C$26.63. The stock has a market cap of C$506.23 million, a price-to-earnings ratio of 34.08 and a beta of 2.15.

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

Analysts Set New Price Targets

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

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.