Firan Technology Group (TSE:FTG) Announces Earnings Results

by · The Markets Daily

Firan Technology Group (TSE:FTG – Get Free Report) announced its 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 for the quarter.

Firan Technology Group Stock Down 10.9%

TSE:FTG opened at C$19.73 on Friday. The firm has a market capitalization of C$496.66 million, a price-to-earnings ratio of 37.94 and a beta of 1.92. Firan Technology Group has a twelve month low of C$7.30 and a twelve month high of C$22.87. The stock’s 50 day moving average price is C$18.26 and its two-hundred day moving average price is C$13.97. The company has a quick ratio of 1.53, a current ratio of 2.48 and a debt-to-equity ratio of 54.90.

Wall Street Analyst Weigh In

Separately, Raymond James Financial lifted their target price on Firan Technology Group from C$17.50 to C$20.00 and gave the company a “peer perform” rating in a research report on Friday, February 20th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Firan Technology Group presently has a consensus rating of “Moderate Buy” and an average target price of C$16.00.

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Firan Technology Group Company Profile

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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.

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