Firan Technology Group (TSE:FTG) Announces Earnings Results
by Renee Jackson · The Cerbat GemFiran Technology Group (TSE:FTG – Get Free Report) released its quarterly earnings results on Wednesday. The company reported C$0.14 earnings per share (EPS) for the quarter, FiscalAI reports. Firan Technology Group had a return on equity of 14.42% and a net margin of 6.85%.The business had revenue of C$47.30 million during the quarter.
Firan Technology Group Price Performance
Shares of TSE FTG traded down C$2.41 during mid-day trading on Thursday, reaching C$19.73. The company’s stock had a trading volume of 216,442 shares, compared to its average volume of 113,698. The firm has a market capitalization of C$496.66 million, a PE ratio of 37.94 and a beta of 1.92. The company has a debt-to-equity ratio of 54.90, a current ratio of 2.48 and a quick ratio of 1.53. The stock has a fifty day moving average of C$18.17 and a two-hundred day moving average of C$13.93. Firan Technology Group has a 52 week low of C$7.30 and a 52 week high of C$22.87.
Wall Street Analyst Weigh In
Separately, Raymond James Financial upped their price objective on Firan Technology Group from C$17.50 to C$20.00 and gave the stock a “peer perform” rating in a research note on Friday, February 20th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Firan Technology Group has a consensus rating of “Moderate Buy” and a consensus price target of C$16.00.
Check Out Our Latest Stock Analysis on FTG
About Firan Technology Group
Firan Technology Group Corp is a supplier of aerospace and defense electronic products and subsystems. It has two operating segments namely FTG Circuits and FTG Aerospace. FTG Circuits manufactures printed circuit boards within the global marketplace. FTG Aerospace designs and manufactures illuminated cockpit panels, keyboards, bezels, subassemblies, and assemblies for original equipment manufacturers of avionics products and for airframe manufacturers. The company operates in Canada, the United States, Asia, and Europe and generates substantial sales from the United States.