Firan Technology Group (TSE:FTG) Releases Quarterly Earnings Results

Firan Technology Group (TSE:FTG) announced its quarterly earnings results on Wednesday. The company reported C$0.20 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$52.73 million during the quarter. Firan Technology Group had a return on equity of 14.24% and a net margin of 6.85%.

Firan Technology Group Stock Performance

Shares of Firan Technology Group stock opened at C$24.97 on Thursday. The business’s fifty day simple moving average is C$22.01 and its 200 day simple moving average is C$18.64. The firm has a market capitalization of C$628.57 million, a P/E ratio of 47.11 and a beta of 2.16. Firan Technology Group has a 12 month low of C$9.78 and a 12 month high of C$26.63. The company has a current ratio of 2.65, a quick ratio of 1.53 and a debt-to-equity ratio of 31.08.

Analyst Upgrades and Downgrades

FTG has been the topic of a number of analyst reports. Raymond James Financial lifted their price objective 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 target price on shares of Firan Technology Group and gave the company an “outperform” rating in a report on Wednesday, June 24th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company 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.