Firan Technology Group (TSE:FTG) Director Russell David Acquires 485 Shares

Firan Technology Group Co. (TSE:FTG) Director Russell David acquired 485 shares of the firm’s stock in a transaction dated Friday, August 28th. The shares were 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 transaction, the director owned 6,550 shares of the company’s stock, valued at C$135,912.50. This trade represents a 8.00% increase in their ownership of the stock.

Firan Technology Group Price Performance

Shares of TSE FTG opened at C$20.26 on Tuesday. The company has a market capitalization of C$510.00 million, a PE ratio of 34.34 and a beta of 2.15. The company has a quick ratio of 1.53, a current ratio of 2.66 and a debt-to-equity ratio of 26.70. Firan Technology Group Co. has a twelve month low of C$9.78 and a twelve month high of C$26.63. The firm has a fifty day simple moving average of C$23.25 and a 200 day simple moving average of C$21.26.

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on FTG shares. ATB Cormark Capital Markets set a C$30.00 price target on Firan Technology Group and gave the stock an “outperform” rating in a report on Wednesday, June 24th. Raymond James Financial increased their target price on shares of Firan Technology Group from C$24.00 to C$30.00 and gave the stock an “outperform” rating in a research note on Friday, July 10th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$30.00.

About Firan Technology Group

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.