Firan Technology Group (TSE:FTG) Sets New 52-Week High – Still a Buy?

Firan Technology Group Co. (TSE:FTG) hit a new 52-week high during mid-day trading on Friday. The company traded as high as C$26.93 and last traded at C$26.89, with a volume of 78432 shares traded. The stock had previously closed at C$24.97.

Wall Street Analysts Forecast Growth

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

Firan Technology Group Stock Up 6.5%

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 stock has a market cap of C$669.60 million, a price-to-earnings ratio of 45.08 and a beta of 1.95. The firm’s 50-day moving average is C$22.59 and its 200 day moving average is C$21.77.

Firan Technology Group (TSE:FTG) last announced its quarterly earnings results on Wednesday, July 8th. The company reported C$0.20 earnings per share 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 for the quarter. Sell-side analysts anticipate that Firan Technology Group Co. will post 0.4199717 earnings per share for the current fiscal 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.