Firan Technology Group (TSE:FTG) Stock Price Expected to Rise, Raymond James Financial Analyst Says

Firan Technology Group (TSE:FTG) had its price objective raised by Raymond James Financial from C$15.00 to C$17.50 in a report issued on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James Financial’s price target points to a potential upside of 18.16% from the company’s current price.

Firan Technology Group Stock Performance

TSE FTG traded down C$0.20 on Friday, reaching C$14.81. The stock had a trading volume of 102,495 shares, compared to its average volume of 92,778. The business’s 50-day moving average price is C$12.22 and its 200 day moving average price is C$11.74. The company has a debt-to-equity ratio of 50.28, a quick ratio of 1.53 and a current ratio of 2.54. The stock has a market cap of C$372.81 million, a P/E ratio of 26.45 and a beta of 1.05. Firan Technology Group has a 12-month low of C$6.66 and a 12-month high of C$16.10.

Firan Technology Group (TSE:FTG) last posted its quarterly earnings results on Wednesday, October 8th. The company reported C$0.12 earnings per share (EPS) for the quarter. The firm had revenue of C$47.74 million during the quarter. Firan Technology Group had a net margin of 6.47% and a return on equity of 16.22%. As a group, equities analysts expect that Firan Technology Group will post 0.4199717 earnings per share for the current year.

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.